The retail chain Linens 'N Things has been in bankruptcy for the last several months. They have now gone a step further and asked a bankruptcy judge for permission to completely liquidate and close their stores as early as next week.
So what's the rush? The chain's owners say they expect a "wave" of retailers going out of business, and want to beat them to the punch.
WOW!! You know things are bad when businesses are worried about competing with one another in their going out of business sales.
Friday, October 10, 2008
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