X-mas Tree Shops Closing All Stores

A liquidation sale has officially begun at all X-mas Tree Shops store locations, marking the start of the store’s closure after filing for Chapter 11 bankruptcy protection.

Shoppers can enjoy discounts of up to 50 percent off the lowest ticketed prices across the store.

All holiday items will be available at a 50 percent discount from the lowest ticketed prices.

Hilco Merchant Resources, responsible for managing the liquidation event, stated, “Find significant savings on all your favorite items… it’s [holiday] savings in July!”

As part of the store closures, select fixtures, furnishings, and equipment will also be available for sale. New merchandise will continue to arrive throughout the sale period.

All sales during this store closing event are final.

Recently, it was reported that X-mas Tree Shops had defaulted on a loan that was utilized to support its bankruptcy proceedings. The Wall Street Journal revealed that the Middleboro-based retailer had secured a $45 million bankruptcy loan, but creditors sought to terminate the loan due to the company’s failure to meet the terms. This was attributed, in part, to declining revenues.

Following the sales event, approximately 70 existing stores nationwide, will permanently close their doors.

{Matzav.com}