Hilco Merchant Resources and Gordon Brothers Group announced that all Anna's Linens will begin going-out-of-business sales. As of June 18, the joint venture partners were awarded the store by a U.S. bankruptcy court and began liquidation the next day.
Sales will offer 30 percent off Anna's Linens already low prices on all merchandise at all 252 retail locations throughout the country.
Anna's Linens filed for Chapter 11 bankruptcy protection on June 14. Just a week prior, news that the company may be seeking relief and a buyer surfaced. Recent expansion had weighed financially on the retailer and took focus away from online sales. The company also filed for Chapter 11 protection in 1993 and emerged the following year.
"These store closing sales feature an outstanding assortment of merchandise at very significant price reductions," a spokesperson for the joint venture stated. "Consumers are encouraged to shop early while the selection is best."
Gift cards will be accepted until July 14.
-See this Hilco Merchant Resources press release
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