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.
Home goods retailer Anna’s Linens — which made its local debut less than three years ago — is closing three of its seven stores in Puerto Rico, this media outlet confirmed Tuesday.
Anna’s Linens announced that, after the favorable reception it has had since entering the local market, the retailer decided to open its sixth store in Puerto Rico ahead of schedule. The new 15,000-square-foot store — the home goods retailer’s largest store in Puerto Rico — is located at the Mayaguez Mall, at Borders’ former location, and it required an investment of approximately $900,000. The store is scheduled to open its doors Dec. 13.
Home goods retailer and market newcomer, Anna’s Linens, is following up “historic sales records” at its first two local stores with the opening today of three new locations in Caguas, Bayamón and Arecibo, company officials said Wednesday.
Puerto Rico’s retail market continues to draw new players, this time with the arrival of home goods chain Anna’s Linens, which plans to invest more than $3.7 million to open five stores on the island this year, company President Alan Gladstone told News is my Business Thursday.
Costa Mesa, Ca.-based retailer Anna’s Linens will be opening its first three stores in Puerto Rico, two this year and another in 2013, through agreements with mall operator DDR Corp., the latter announced Tuesday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA