Financial woes force retailer to nix store at Oro Valley Marketplace - Tucson Local Media: Pima Pinal

Financial woes force retailer to nix store at Oro Valley Marketplace

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Posted: Tuesday, July 29, 2008 11:00 pm

A national home-furnishing retailer has announced plans to close more than 50 stores, including six in Arizona.

In addition to the closings, a representative with New Jersey-based Linens ’n Things said the company intends to place new store openings on hold.

“There will be no store openings for the foreseeable future,” said Rich Tauberman of MMW Group, the company’s public relations firm.

The news likely means the retailer’s plan to open a store in the Oro Valley Marketplace also have been scuttled.

Tauberman could not speak specifically about the planned Oro Valley store, but said the company does not intend to open new stores.

The company operates 589 stores in the U.S. and Canada and made $2.8 billion in sales for 2007, according to its corporate Web site.

Linens ’n Things filed for Chapter 11 reorganization in May when it announced the possible closure of 120 stores.

While the company has scaled back that store-closure figure to 57, it still plans to close a store at 5925 E. Broadway Blvd. on Tucson’s east side.

A Northwest store at 7475 N. La Cholla Blvd. is not on a list of planned closures.

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