Anna's Linens

Anna's Linens was an American retailer. It was based in Costa Mesa, California.

Anna's Linens
TypePrivate
IndustryRetail
Founded1987 (1987) Los Angeles, California
FounderAlan Gladstone
Defunct2015 (2015)
FateChapter 11 Bankruptcy
HeadquartersCosta Mesa, California
Number of locations
252
Area served
United States
ProductsTextiles, furniture

The company was founded in 1987 by Alan Gladstone, who named the store after his mother.[1] The first location opened in Los Angeles, California.[2]

In 1993, the chain filed for bankruptcy due to the poor economy of southern California at the time. It emerged from bankruptcy in December 1994.[3]

The stores were stocked with household items,[4] with merchandise sold at discounts. Stores were usually 10,000 square feet in size.[5] It had more than 250 stores in 19 states.[6]

In early 2012, it partnered with DDR Corp. to expand into Puerto Rico.[7]

In 2015, the chain filed for Chapter 11 Bankruptcy with money owed to creditors in excess of 100 million dollars. Most locations closed, which allowed Five Below to expand into California with new stores opening at former Anna's locations in 2017.[8]

On August 27, 2015, 41 store leases were taken over at auction out of a debtor's sale by National Stores Inc.[9][10]

Some former Anna's Linens stores in certain locations will be branded "Anna's Linens by Fallas" according to the intellectual property rights acquired by National Stores and will continue the basic Anna's Linens product offering.[11][12]

A member of its rewards program was known as a "Fan of Anna's."

References
  1. "Anna's Linens Getting Ready to Hit 300 | Home Textiles Today". hometextilestoday.com. Retrieved 14 July 2016.
  2. "A business named after Mom, run by the family - tribunedigital-dailypilot". articles.dailypilot.com. Retrieved 14 July 2016.
  3. Marano, Ray (February 1, 2007). "Beating bankruptcy". www.sbnonline.com. Retrieved 2020-04-04.
  4. "Anna's Linens Set to Go Public | Home Textiles Today". hometextilestoday.com. Retrieved 14 July 2016.
  5. "Company Search". Accelerate Your B2B Sales With D&B Hoovers. 1970-01-01. Retrieved 2020-04-04.
  6. "Retail Leader Anna's Linens Awards Transplace Long-Term Contract Renewal for Third Party Logistics, Managed Services Solution | news.sys-con.com". sys-con.com. Retrieved 21 July 2016.
  7. "Anna's Linens, Inc.: Private Company Information - Businessweek". investing.businessweek.com. Archived from the original on April 14, 2009. Retrieved 14 July 2016.
  8. Channick, Robert (26 June 2015). "Anna's Linens folding up after filing for bankruptcy". chicagotribune.com. Retrieved 2020-08-20.
  9. DiMartino, Mediha (28 August 2015). "Anna's Linens Postpones Part of Auction". Orange County Business Journal. Retrieved 25 September 2015.
  10. "Anna's Linens Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 6 June 2016.
  11. "Retail Brand Anna's Linens Intellectual Property To Be Sold" (Press release). GlobeNewsWire.com. 13 August 2015. Retrieved 20 October 2015.
  12. Kimco Realty. "Anna's Linens by Fallas". 280MetroCenter.com. Archived from the original on 31 August 2015. Retrieved 20 October 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.