Are You Hitting the Linens Liquidation Sale?

It’s a good time to be in the liquidation business.

Going-out-of-business sales are starting Friday at the remaining 371 Linens ‘n Things stores, according to reports. Were you waiting to find the right deal on that comforter or holding out for a good holiday-gift bargain? Hey, now’s you’re chance!

Apparently, these closings aren’t going to have much impact on the big REITs, like Kimco, Developers Diversified and Regency Centers, according to articles we’ve run. But what about the smaller shopping center owners that have Linens as a major tenant?

We have a feeling that the demand for space has dropped considerably. (How’s that for the understatement of the week?) And many think we’ll see more major chain liquidation. To pull a quote by Marti Kopacz of restructuring firm Grant Thornton we read in a recent article: “We’ll see some tried and true [retail] names disappear.”

4 Responses to “Are You Hitting the Linens Liquidation Sale?”

  1. 1 Jeff Green October 16, 2008 at 9:59 am

    You are right…there are few growing retailers to fill the space…maybe some specialty food stores?

  2. 2 greendiamond October 16, 2008 at 3:45 pm

    I remember a quote from some CEO (the name escapes me) but it was profound. “I love tough times because this is when we create market share.” The credit markets will take a bit of time to shake out but I think we will see some interesting plays over the next 12 months. We’ll see.

  3. 3 ShareholderUnion October 17, 2008 at 11:00 am

    Greendiamond, that sounds like typical CEO fluff. CEO’s also love to come in fire the most productive people (usually the ones who are so busy producing work that they don’t have time to roam the hallways taking credit for it), and then 6 months later, have the same jobs running on their website as available. CEO’s seem to falsely believe 1) they’re creating jobs; 2) they’re disposing of the supposed dead weight; 3) they’re improving the corporation.
    Typically, these CEO’s run through their 3 year contract, Wall Street rewards them for superficially appearing as if the are “changing” things, and they’re off to the next CEO job to repeat the same process and get rewarded millions for: 1) ruining careers; 2) decreasing long-term shareholder wealth and 3) instilling a sense of FEAR in the employees. And THIS is why paid the BIG BUCKS?????? THE SYSTEM IS COMPLETELY OUT OF WHACK, AND THE CURRENT ECONOMIC DISASTER ONLY DEMONSTRATES THIS.

  4. 4 Keli October 30, 2008 at 1:28 pm

    I went to Linens and Things the other day and the sales aren’t that good. 10-30% off is a stretch. Most of the store was 10% off with a few 20s and 30s thrown in here and there. I thought the deals would be better…

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