Liquidation Date Set for Linens ’n Things

New York City The remaining 371 Linens ’n Things stores will begin closing their doors on Oct. 17. In conjunction with the closings, the stores will be selling off items at up to 30% off their regular price. The store closing sale is being conducted by a joint-venture group comprised of Hilco Merchant Resources, Gordon Brothers Group, Hudson Capital, SB Capital Group LLC, Great American Group LLC and Tiger/Nassi Group.

"It's a straight going-out-of business liquidation sale," James Schaye, president and chief executive of Hudson Capital Partners, said in an Associated Press report, one of the members of the investment group buying the company's assets.