NEW YORK–Linens ’n Things is angling to sell its 40 Canadian stores, according to The New York Post.
Archrival Bed Bath & Beyond, which opened its first Canadian store in Toronto last year, is among the potential buyers of the retailer’s Canadian locations, the Post said.
“We’re evaluating all options now,” a spokeswoman said. “Our strategy is to keep the [Canadian] stores.”
Some Linens ’n Things home vendors said they have stopped shipping goods to the retailer due to late payments and advice from factoring firms.