NEW YORK–Linens ’n Things could file for bankruptcy as soon as Tuesday, the Wall Street Journal reported today.
And the beleaguered specialty retailer has enlisted the help of restructuring firm Conway Del Genio Gries & Co., according to published reports.
Calls to Linens ’n Things seeking confirmation on the hiring of the firm were not returned by press time.
Numerous home vendors have stopped shipping goods to the chain due to late payments, and as factors have deemed the retailer financially unsound, suppliers told HFN.