Linens Holding Co. announced today it will shut three Wisconsin Linens ‘n Things stores (120 will close nationally) as part of a Chapter 11 bankcruptcy filing.
The move comes just 24 hours after The Home Depot announced it would shut 15 stores around the country, including three in the Badger State.
The three Wisconsin Linens ‘n Things in Wisconsin are in Milwaukee, Racine and at the Greenway Station in Middleton.
Clifton, N.J.-based Linens Holding Co. blamed its bankruptcy and the store closings on the sour economy.
“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,” said Robert DiNicola, executive chairman of the company.
See release: http://www.wisbusiness.com/index.iml?Article=125137