CLIFTON, N.J.–Linens ’n Things is closing its remaining stores and liquidating its merchandise, according to published reports.
The chain, which filed for Chapter 11 in May, asked U.S. bankruptcy judge Christopher Sontchi for permission to auction its remaining 371 stores, according to Bloomberg News.
Sontchi scheduled a hearing for Oct. 10 to outline procedures to auction the remaining stores.
Linens ’n Things officials were not available for comment. In 2007, Linens ’n Things generated $2.5 billion in home furnishings sales.