Clifton, N.J. Linens Holding Co., the operator of Linens ’n Things, said Monday it hired DJM Realty to manage the disposition of 120 underperforming stores that the company had targeted for closure as part of its restructuring.
“We are pleased to announce our partnership with DJM Realty and look forward to a successful disposition of these stores. This is a great chance for retailers looking to expand their real estate," said Hugh Scullin, senior VP of real estate, store planning, construction and legal for Linens ’n Things.
Linens ’n Things said it would close the stores when it filed for bankruptcy protection in May.
The hiring is subject to bankruptcy court approval.
DJM plans to hold an auction before July 1.