Christmas Tree Shops was hoping to reorganize after bankruptcy; liquidation now planned
When Christmas Tree Shops filed for Chapter 11 bankruptcy in May, the company projected optimism about its long-term prospects.
Now the home-goods store is headed for liquidation.
The Wall Street Journal reported over the weekend that after defaulting on a loan that was funding its reorganization process, the “company and its stakeholders have reached an agreement this week to liquidate the remaining roughly 70 stores unless a buyer emerges within the next week or so,” according to a filing with the U.S. Bankruptcy Court in Wilmington, Delaware.
Liquidation sales at stores could begin as soon as Thursday.
Many is the time I’ve driven the ‘Girls’ (my wife, my mother, their friends) to their ‘holy’ pilgrimage; Ocean State Job Lot, Building 19, and The Christmas Tree Shops, all on the same day. They never spent a lot of money but (OY!) they came back with a lot of shopping bags. And they had fun.
Another distinguishing piece of New England’s commercial landscape is going.
This report is a courtesy to my expatriate New England readers.
On the North River 
Thank you, John. My parents loved to shop there.
LikeLike
I was never warm and fuzzy about the place, but I know women loved it. Gotta wonder: did they get shut down during the scamdemic? If so, did that have something to do with the troubles? Or, perhaps, did supply chain issues factor in? I suppose the cynic in me defaults to blaming politicians for any of this type of bad news.
LikeLike
They turned the Cape Cod Coliseum where I saw dozens of great band in the 70′-80’s into a Christmas Tree Shop……heathens!
I will NOT miss it!
LikeLike