LNT: To ship or not to ship Clifton, N.J. — Linens ’n Things is reporting that vendors have begun shipping, two weeks after its Chapter 11 bankruptcy and a day after the company told the Securities and Exchange Commission its quarterly financial report would be delayed.
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LNT Files for Ch. 11 Bankruptcy Protection
New York — The other shoe finally dropped last Friday, and industry suppliers are now preparing to open up shipping lanes to Linens 'n Things as soon as they clarify the retailer's debtor-in-possession financing. LNT, the nation's second largest specialty retailer of home textiles with $2.8 billion in sales and 589 stores, filed for Chapter 11 bankruptcy protection, in the process replaci...
Wilmington, Del. – The battle continues between Dan River and a group of off-shore mills that contend the liquidating U.S. division of the Indian conglomerate GHCL owes them a collective $30 million for merchandise.
Las Vegas – At the HD Expo here this week, May 15-17, Springs Global US will unveil a hospitality bed and bath program employing Sanitized technology, which inhibits the growth of bacteria that causes odor and keeps items fresher longer.
Lahore, Pakistan – Chemical developer BASF Pakistan Private Limited and buying house/resource agency Texlynx Home have agreed to collaborate in developing innovative textiles for global retailers and brands in the U.S. and Europe.
New York – Frank Berman and Charles Anderson have been promoted to senior vps at Bloomingdale’s, both continuing to report to Tony Spring, president and coo.
THE THREAD Jennifer Marks, Editor in Chief, Home Textiles Today March 25, 2008 Cramer Hearts Costco
Trading guru and Mad Money host Jim Cramer calls Costco "the best retailer in Am... More
COVER FACTOR Brent Felgner, Contributing Editor, Home Textiles Today March 19, 2008 Linens 'n Things 'n Bears, Oh My
Linens 'n Things 'n Bears, Oh My
As Linens 'n Things readies its quarterly report ... More