8 of 9
BACKNEXT
Linens `n Things
Linens `n Things
Filed for Chapter 11 protection on May 2, 2008

Like most retailers catering to homeowners, Linens `n Things suffered as housing sales declined: the chain reported $249.1 million in losses last year. Since announcing in May that it would close 120 underperforming stores, Linens `n Things has revised that estimate several times--the latest number is 177, which would leave more than 400 locations running. The retailer hopes to revive sales by rethinking past turnaround strategies, which included major sales and promotions. Help is on its way from vendors: Yankee Candle, Springs Global and others have agreed to continue supplying the chain in exchange for credit.

NEXT: The Sharper Image
Last updated September 09 2008: 9:59 AM ET
More Galleries
Most Powerful Women Entrepreneurs
Most Powerful Women Entrepreneurs
In partnership with American Express, Fortune searched the U.S. for outstanding female business builders. Fortune honored these game-changers at its recent Most Powerful Women Summit. From Lauren Bush to environmental innovators, here are the winners. More
Dumbest moments in business 2009
Dumbest moments in business 2009
Loudmouth CEOs, islands in the desert and bringing dead celebrities back to life. Our annual list of the business world's bonehead plays marches on. More
A showcase of big ideas
A showcase of big ideas
Fahrenheit 212 has made a thriving business out of solving other companies' innovation problems. Here are a few of their results. More
Special Offer:
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer