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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...

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