Liquidation Sales Tricks - Focus On Linens 'N Things
Ranked #10,772 in Home & Garden, #171,964 overall
Linens N Things Announces Bankruptcy and Store Closing
On October 19, 2008, Linens N Things announced via email that it would be shutting its doors permanently. Liquidation sales had begun 2 days previous to that, on October 17. As of January 10, 2009, little was left of the online site, lnt.com, and all retail stores were closed. On January 29, 2009, word was getting around online that the Linens 'N Things name was bought for around $1 million by Hilco Consumer Capital and Gordon Brothers Brands. What is next for this housewares big box name and was the whole liquidation process a further consumer milking? You decide!
Government Crackdown on Phony Going Out Of Business Sales
They can't go on for more than 90 days
Shopping Directory
- Government Crackdown on Phony Going Out Of Business Sales
- Liquidation Sales Tricky Tactics
- Conditions of The Linens 'N Things Liquidation Sale
- Linens 'N Things Liquidation Timeline
- Was I correct?
- Not Such A Bargain
- LNT Reincarnated as an actual brand
- How much lower do you think LNT discounts will go - and when.
- Articles on Linens 'N Things Store Closures
- Prices are reduced, but are they good?
- What sort of prices can you find for comparable kitchen appliances at eBay?
- Who's Tweeting about Linens 'n Things
- Linens 'N Things - Business Info and Bankruptcy / Sales Coverage
- Linens N Things Bankruptcy in the news
- Excited About Liquidation Sales?
- Squidoo Affilations
Liquidation Sales Tricky Tactics
Buyer Beware
Conditions of The Linens 'N Things Liquidation Sale
Taken from the lnt.com website.
Linens 'N Things Liquidation Timeline
How Long It Took The Prices To Drop
- October 17, 2008 - Linens 'N Things liquidation sales began.
- October 19, 2008 - LNT announced via email it would be closing all stores permanently.
- November 2, 2008 - All items at LNT were up to 30% off (20% off electrics, glassware and storage, 20% off dinnerware, serveware, decorative accessories, quilts, coverlets and bedskirts, 20% - 30% off floorcare and vacuums, an additional 10% off chafing dishes and roasters), with an additional 20% discount offered through November 3, 2008.
- November 6, 2008 - Discounts increased to 40% for electronics, window shades, blinds & hardware, quilts, coverlets and bedskirts. Towels, cookware, bakeware, cutlerly and candles were added to the 20% discount category. An extra 10% discount was offered on kitchen electronics through November 7. All bedding was reduced by 20% to 40%.
- November 9, 2008 - All items at Linens 'N Things were at least 20% off. An additional 10% discount was applied to Super Sets, Bed in a Bags and Comforter sets for 4 days.
- November 13, 2008 - All window treatments, duvets, daybeds, and dinnerware were added to the group of items discounted by 40%. Glassware, flatware, lighting, furniture and personal care electrics were discounted by 30%.
- November 20, 2008 - Quilts, coverlets, duvets, bedskirts, daybeds and decorative accessories were further discounted to 50% off. Lighting, decorative bath accessories, lighting, sheets, bedding ensembles, wall decor and furniture was reduced by 30%.
- November 23, 2008 - Everything at LNT was further reduced to between 25% to 50%.
- November 25, 2008 - For 4 days, LNT offered 10% off your order total and Thanksgiving Doorbuster Sales with reduced prices of between 40% and 70% off.
- December 1, 2008 - Free shipping was offered on bedding ensembles for 3 days.
- December 4, 2008 - All items at Linens 'N Things had their original prices reduced by between 40% and 60%. Glassware, flatware, furniture, vacuums, table linens and products for the bath were now reduced by 40%. All dinnerware, serveware and SELECT bedding ensembles, window curtains and electronics were now 50% off.
- December 7, 2008 - Free shipping was offered Dec. 7 and Dec. 8 on all orders totalling $150 or more.
- December 9, 2008 - An extra 15% discount was offered on sheets, bedding ensembles, towels and window coverings.
- December 11, 2008 - Free shipping was offered on all orders totalling $125 or more with coupon code XMS08
- December 12, 2008 - All items were discounted between 40% and 60% from their original prices. Free shipping was offered on select items. An extra 10% was discounted on orders totalling $150 or more.
- December 14, 2008 - Buy One, Get One 50% Off (on top of current reductions) was offered by Linens N Things.
- December 16, 2008 - Free shipping was offered on all bedding purchases for 2 days. Originally the cutoff date for Christmas delivery on standard-shipped items was Dec. 13. This was extended to Dec.18.
- December 18, 2008 - An extra 10% discount was offered on all orders totalling $125 or more with promo code XMS10
- December 21, 2008 - An additional 20% discount was offered for 4 days on New Year's Eve party needs glassware, dinnerware, flatware and serveware.
- December 25, 2008 - Linens 'N Things had reduced all its prices between 40% and 70%. Through the 26th, an additional 20% discount was offered. All bath items had free shipping and free shipping was offered on over 100 other items in the store.
- January 1, 2009 - An extra 10% savings plus free shipping was offered on all vacuums, cleaning items, trash cans, storage items, picture frames "and more".
- January 4, 2009 - All items at Linens 'N Things were reduced by atleast 50% from their original prices, with discounts going up to 75% on cookware, candles, wall decor and kitchen organization. 70% discounts were offered on window hardware, quilts, bedskirts, duvets and bath accessories. Towels, bath rugs, dinnerware, glassware, flatware, table linens and frames were discounted by 60%.
- January 8, 2009 - An additional 20% discount was offered on select items for 3 days.
- January 11, 2009 - Buy One, Get One Half Off was offered in addition to already reduced prices on all dinnerware, lamps, lamp shades, toss pillows, slip covers and bath accessories.
- January 18, 2009 - An extra 10% discount was offered on all orders totalling $100 or more for 3 days.
- January 22, 2009 - "Buy One, Get One Free" was offered on pillow cases, decorative pillows, pillow shams and window coverings through January 25.
- January 25, 2009 - Window curtains, bedding ensembles, sheets, bed-in-a-bag sets and more were offered at 60% savings. Fans, robes, vanity mirrors, personal care bath items and more were offered at discounts of 70% from the original prices. 80% discounts applied to bath accessories, dinner ware, serve ware and table linens. HoMedics products were still excluded from general discounts, being offered at 40% of the original prices.
- January 29, 2009 - Prices dropped another 10%. Window curtains, bedding ensembles, sheets, bed-in-a-bag sets and more were offered at 70% savings. 90% discounts applied to bath accessories, dinner ware, serve ware and table linens.
- February 16, 2009 - Clicks on www.lnt.com redirect to www.thenewlnt.com. Nothing is there yet, but we are informed that the page will again be stocked with familiar brands for the home.
Was I correct?
I had the LNT liquidation all wrong! The sales went on FOREVER, with real discounts taking a long time to materialize, if at all. As soon as the liquidators made their money, we were told the Linens 'N Things Name would live on..
Not Such A Bargain
LNT Reincarnated as an actual brand
Linens 'N Things to become the brand it never was.
- Linens 'N Things Not Gone Forever - Todd Sullivan's Value Plays
- Linens 'N Things will most likely remain as a brand name - something this retailer was NOT while it's stores were existant. According to Todd Sullivan's 'Value Plays' blog on Wednesday, January 28, 2009, "At a bankruptcy auction earlier this month, Hilco Consumer Capital and Gordon Brothers Brands, won the rights to the company's intellectual property, including software, technology and marketing material, according to a Hilco spokesman. The deal was expected to close on Monday, the spokesman said.
- GORDON BROTHERS BRANDS AND HILCO CONSUMER CAPITAL ACQUIRE LINENS 'N THINGS INTELLECTUAL PROPERTY ASSETS
- February 6, 2009, it was announced online at both the websites of Hilco Consumer Capital and Gordon Brothers that a joint venture between these two companies resulted in a purchase of the intellectual property of Linens 'N Things. The Linens 'N Things name will reappear as a "retail shop-in-shop", direct-to-retail (DTR) licensing, wholesale licensing and e-commerce.
How much lower do you think LNT discounts will go - and when.
When will be the best time to get a bargain on what at Linens N Things.
Linens 'N Things is liquidating its stock. All sales are final. You can't get any refunds, returns or exchanges on items purchased now. Inventory may vary among remaining stores and all locations are not required to honor promotions nor coupon codes. Do you think this is the time to buy or do you think prices will go even lower?
My prediction
I think the remaining stock will get picked over fairly quickly with the proximity to Christmas shopping season. If it hits half-price and you want it, I think you should buy it. You may also want to search twitter from time to time and see what others are saying about their finds at Linens N Things (or news they may have heard).
Reader predictions:
Fetching
predictions now... please stand by
Penny, at 12pm on December 10, 2008 predicts:
I certainly will not order anything online again. I placed my order, they accepted it, I paid for it, then they cancelled the order and only reimbursed me for the item. They kept the shipping charges. I didnt receive anything. And I cant get ahold of anyone to complain to.
Articles on Linens 'N Things Store Closures
News from around the U.S.
- Yakima Herald.com - Linens 'N Things Store To Close
- "NEW YORK -- Specialty retailer Linens 'N Things, which filed for bankruptcy protection in May, plans to begin liquidation sales at its stores as early as Thursday after failing to find a buyer that wanted to operate the company."...
- Dayton Daily News - Linens 'N Things Closing at Dayton Mall
- "The Linens 'n Things store at the Dayton Mall is holding a liquidation sale before it closes its doors. All items are up to 30 percent off at the store, 2700 Miamisburg-Centerville Road, and its Web site, www.lnt.com. The sale began Oct. 17."...
- 13 WHAM.com - Linens 'N Things Stores Closing
- "Rochester, N.Y. - Home goods retailer Linens 'N Things is shutting down its stores nationwide, including its three Rochester locations."...
- San Francisco Chronicle - Linens 'N Things To Close Fewer Stores
- "Bankrupt retailer Linens 'n Things on Monday offered a sign that business may be improving slightly, saying it will close fewer stores than originally anticipated."...
- azcentral.com - Linens 'N Things Closing Chandler, Gilbert Stores
- "Linens 'n Things is closing two stores that draw Chandler shoppers.
- Chandler Crossing, 2640 W. Chandler Blvd., just east of Loop 101.
- Crossroads Towne Center, on Gilbert Road immediately south of the Santan Freeway in Gilbert
- azcentral.com - Linens 'N Things Store in Surprise Will Close
- "A Surprise bedding and housewares store is one of 177 underperforming locations selected to close by its parent company."...
- The Desert Sun - Linens 'n Things stores plan bankruptcy sales
- "Closing sales will begin Friday at the remaining 371 Linens 'n Things stores in 48 states, including one in Rancho Mirage and another in Temecula, after the bankrupt housewares retailer failed to find a bidder to continue operating the company, it was announced Wednesday."...
- WXYZ.com - Linens n Things closing Michigan Stores
- "AP/WXYZ) - Bankrupt retailer Linens 'n Things on Monday offered a sign that business may be improving slightly, saying it will close fewer stores than originally anticipated."...
- Recordnet.com - Stockton Linens 'N Things To Close
- "A north Stockton Linens 'n Things store is among 57 stores that will be closing in the next several months nationally as the home furnishings and bedding retailer continues through bankruptcy reorganization."...
Prices are reduced, but are they good?
Can you find it lower somewhere else?
I was looking at a Krups Electric Kettle (model FLF2-J4) at Linens 'N Things. Originally, it was was $49.99 and is on sale for $39.99. I thought I'd check the price over at Amazon to see how this compares. At Amazon, this same kettle is said to sell new for $90, but be available at amazon.com for $49.99. You can also get them both used and new from $32.99. Looks like for a new electric Krups kettle, Linens and Things is selling at around Amazon.com prices.
Shipping prices? Linens 'N Things was $5.99: Amazon.com was $4.99. Both companies shipping charges vary based upon the item, total order's weight and delivery method.
What sort of prices can you find for comparable kitchen appliances at eBay?
Its probably cheaper still..
Who's Tweeting about Linens 'n Things
Keep your ears open for the latest updates on this liquidation.
Linens 'N Things - Business Info and Bankruptcy / Sales Coverage
- Wikipedia: Linens 'n Things
- Wikipedia offers information on Linens 'n Things acquisition and trouble as well as its bankruptcy.
- Deals Of The Day blog from Centsible.net keeps track of bankruptcy sales
- Centsible.net's "Deals of the Day" blog promises to keep people updated on sales during the liquidation of Linens 'n Things.
- Linens N Things at Centsible.net
- Check with Centsible.net's page devoted to Linens 'N Things for quick links to Linens 'n Things by department, shipping promotions, deal summaries and an explanation of the LNT shipping policy.
- CoStar Group - Linens N Things Fully Liquidating
- "Linens 'n Things was scheduled to go on the auction block today (Oct. 14), as the bankrupt home accessories retailer decided to put itself up for sale after giving up on its reorganization process and getting the news that Cerberus Capital Management was pulling out of a deal to acquire the retailer from Apollo Management."...
Linens N Things Bankruptcy in the news
Excited About Liquidation Sales?
If so, we hope you do your homework first!
Did you learn something here? I certainly did and I hope my knowledge helps you with your shopping. Not only do liquidation sales use tricky sales tactics to sell merchandise at premium prices (and even merchandise from that's not moving at other stores!), usually coupons aren't honored and all sales are final. Liquidation sale? I'm more likely to stay at home than shop! What about you?
Contact Laura Schofield
*If you would like to suggest any links or have your own photos and / or stories published, please send me an email. I can be contacted through my personal homepage, laura-schofield.com. If you enjoy the work I've done here, I do offer professional copy writing, photo restoration / manipulation, search engine optimization and web design services. I can again be contacted for any of these services through my website.
Squidoo Affilations
I'm a member!
by LauraSchofield
Laura Schofield is a web developer, computer programmer, freelance journalist and mother to four children. She writes on a wide variety of subjects, from... more »
- 129 featured lenses
- Winner of 17 trophies!
- Top lens » Johnny Depp Dark Shadows
Explore related pages
- Stores Going Out Of Business Stores Going Out Of Business
- Good And Bad Credit Motorcycle Loans With No Difficulty Good And Bad Credit Motorcycle Loans With No Difficulty
- Small Claims Court in Alabama Small Claims Court in Alabama
- Car Repossessions in Alabama Car Repossessions in Alabama
- The Best of Etsy - A Buyers Guide The Best of Etsy - A Buyers Guide
- Wage Garnishments in Alabama Wage Garnishments in Alabama
