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May 19, 2008 Issue #13

Cover Story

Cover Image for 2008-05-19
'Everything Must Go' at LNT Store Closings

Linens 'n Things has scheduled a May 29 auction for the liquidation rights to the approximately 120 stores it will close in connection with its Chapter 11 bankruptcy, even as creditors line up to be heard over the auction procedures and agency agreement. In the meantime, the troubled 589-unit retailer reports that a "significant number" of vendors have resumed shipping on terms...