Retailer Anna’s Linen’s begins closeout sale at P.R. stores

Written by  //  June 22, 2015  //  Retail  //  No comments

Anna's Linens CEO Alan Gladstone, left, was in Puerto Rico three years ago for the first store openings.

Anna’s Linens CEO Alan Gladstone, left, was in Puerto Rico three years ago for the first store openings.

Home goods retailer Anna’s Linens, which made its debut in Puerto Rico a little more than three years ago, has begun its going-out-of-business sale as part of a company-wide bankruptcy proceeding.

Hilco Merchant Resources & Gordon Brothers Group will be in charge of the closing, offering discounts of up to 30 percent on all merchandise including sheets, bed pillows, comforter sets, bath and beach towels, bed and bath accessories, window treatments, housewares, decorative home accents, storage, gifts and more.

Anna’s Linens currently operates 252 retail locations throughout the United States and Puerto Rico. The company filed for Chapter 11 protection on June 14, 2015.

The sale will entail the total liquidation of all merchandise, much of which has been re-stocked within the past week. Store furniture, fixtures, and equipment will also be available for sale.

“These store closing sales feature an outstanding assortment of merchandise at very significant price reductions,” a spokesperson for the joint venture stated. “Consumers are encouraged to shop early while the selection is best.”

Gift cards must be redeemed by July 14, 2015.

The Costa Mesa, CA-based retailer entered the local market in 2012, in partnership with mall operator DDR Corp. At its peak, there were seven Anna’s Linens locations throughout the island. In February, the chain announced it would be closing three stores — in Plaza del Atlántico in Arecibo, Plaza Río Hondo in Bayamón and Rexville Plaza.

Stores in Trujillo Alto, Caguas, Ponce and Mayagüez will remained open, but will now be liquidated as part of the bankruptcy proceeding.

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