Linens ‘n Things in Idaho Falls to close after bankruptcy

POSTED: 10:56 MDT Friday, May 2, 2008

by Dani Grigg

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Tags - bankruptcy, retail

Linens Holding Co., the operator of the national home retail chain Linens ‘n Things, announced today it has filed for Chapter 11 bankruptcy protection. It has plans to close 120 underperforming retail outlets across the nation, including the Idaho Falls outlet. The outlet near the Boise Towne Square mall will not be affected by the bankruptcy. It is the only other Linens ‘n Things store in Idaho.

“The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years,” Executive Chairman Robert DiNicola said in a press release. “We are making the strategic decision to use a Chapter 11 filing to proactively address our capital structure and ensure that our stores will remain well stocked while we work through the steps to align the capital structure of the Company with the realities of today’s business environment.”

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