The 53-year-old Massachusetts-based chain filed for Chapter 11 bankruptcy in May. The retailer took out a $45 million bankruptcy loan, including roughly $20 million in fresh capital, from its lenders, according to the Wall Street Journal. By browsing this site, we may share your information with our social media partners in accordance with our, Jessica Jones-Gorman | jgorman@siadvance.com, which filed for Chapter 11 bankruptcy on May 5, plans to close 10 underperforming stores across seven states. Downingtown, Pa., 955 East Lancaster Ave. Lancaster, Pa., 2350 Lincoln Highway East, Woodbridge, Va., 2700 Potomac Mills Circle. There are about 80 full- and part-time employees in Scarborough. The specialty retailer plans to close its 70 stores in the coming weeks. With a Press Herald subscription, you can gift 5 articles each month. The stores lease expiration dates range from 2024 to 2027, and each location occupies an average of 33,000 square feet of retail space. Find a store near you > Everything On Sale! Christmas Tree Shops to Liquidate All Stores - WSJ Only subscribers are eligible to post comments. Christmas Tree Shops expected to close 70 stores across 20 Christmas Tree Shops operates 82 stores in 20 states. 9, 2023 at 8:03 AM PDT (WFSB) - Ten Christmas Tree Shops stores. New York, NY North Carolina, NC North Dakota, ND Ohio, OH Oklahoma, OK Oregon, OR Pennsylvania, PA Rhode Island, RI . The chain is closing all its stores. AMHERST, N.Y. Christmas Tree Shops is set to close all of its remaining stores, including those in Buffalo, Rochester and Syracuse, the Wall Street Journal reported last week. All rights reserved (About Us). Christmas Tree Shops: Home Decor, Furniture & Gifts Store Christmas Tree Shops Closing All Stores Including Colonie Center All rights reserved (About Us). Entire store on sale. 10 Christmas Tree Shops locations slated to close - WFSB Christmas Tree Shops highlight their "ever-changing assortment of merchandise" which includes pet supplies, food and drinks, paper and party goods, in addition to its seasonal and holiday decor and one-of-a-kind items. 2023 Advance Local Media LLC. The liquidation sales could begin as early as Thursday, according to court documents. A popular home decor, furniture and gift shop in Johnson City is likely on the chopping block, with dozens of store employees waiting to learn of the finalized plans by the end of the week. Employees said they expect to get more information on Friday about the timing of a liquidation sale and eventual closure. Here's what you need to know. 09, 2023, 11:08 a.m. Christmas Tree Shops, which filed for. The retail chain, known for selling home goods like bedding sets, dinnerware and party decorations at a discount, filed for Chapter 11 bankruptcy in May. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Out of season items like those for the fall and for Christmas are 50% off. The retailer sells holiday and seasonal items, decorations, home decor, kitchen and dining items, furniture, pet items, pool items, and. Christmas Tree Shops operates 82 stores in 20 states. The closures follow Christmas Tree Shops filing for Chapter 11 bankruptcy in May. Contact her anytime 315-470-3012 or email edoran@syracuse.com. Have a tip? By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. Store closing sales underway at Christmas Tree Shops By browsing this site, we may share your information with our social media partners in accordance with our, Katherine Rodriguez | NJ Advance Media for NJ.com, a rebranding campaign to change its name to CTS and update its logo. We work through our feelings with local pop culture whisperer Ken Reid. Business Christmas Tree Shops to close 10 stores. Community Rules apply to all content you upload or otherwise submit to this site. Christmas Tree Shops is planning to shutter its 10 stores in New Jersey as part of its liquidation plan after filing for Chapter 11 bankruptcy in May 2023. Home Decor Bed & Bath Kitchen & Dining Patio Summer Everyday Market Everything Must Be Sold! Please subscribe or login first for digital access. Southwest Florida residents have lost another store to buy seasonal decorations and housewares. Community Rules apply to all content you upload or otherwise submit to this site. Layoffs are taking place. 07, 2023, 12:48 p.m. After Christmas Tree Shops announced it would be shuttering all 70 of its stores earlier this week, the Staten Island location in Charleston was already . Check Here Open and Close Timings, Address, Phone Number, website information, mail and directions. Holidays & Seasons The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Home > Christmas Tree Shops. Published: Jul. However, most items are 10% off including candles, furniture, summer items, garden items, dcor, luggage and food. However, items purchased before July 7 can be returned up until Aug. 5. Christmas Tree Shops began as a holiday boutique in Cape Cod in the 1950s. Tree Baler. Christmas Tree Shops was once owned by Bed Bath and Beyond and which also filed for bankruptcy this year and is closing all of its stores. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Listen. Sales are final, the release said, on products ranging from furniture to seasonal dcor, houseware to gifts, food and drinks to paper and party goods. Select fixtures, furnishings and equipment will also be available for sale, the release said. Christmas Tree Shops has total . If you purchase a product or register for an account through one of the links on our site, we may receive compensation. By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. After filing Chapter 11 earlier this year, Christmas Tree Shops are now on the path to close all stores nationwide. Use our locator to find store near you or browse our directory. Open Nov. 25 through Dec. 24 (or until all the trees are gone) 10 a.m. to 9 p . The Christmas Tree Shops store at High Pointe Commons in Swatara Township. Christmas Tree Shops will liquidate and shut down all locations if it fails to find a buyer for the struggling retailer. . 05, 2023, 9:10 a.m. All Christmas Tree Shops throughout the country -- including the chain's Staten Island location -- are expected to close after the company defaulted on a loan . Handil took out a loan in May to keep operations going, as part of the of the bankruptcy deal, but as sales slumped, it defaulted on that loan, according tonews reports. Bed Bath & Beyond, which had owned the chain since 2003, sold it to Handil Holdings, LLC, in 2020. Christmas Tree Shops began as a holiday boutique in Cape Cod in the 1950s. Christmas Tree Shops is preparing to close all its retail locations. 4, 2023 at 8:47 AM PDT. Christmas Tree Shops closing all stores. Here's where - USA TODAY After careful consideration, we determined that availing ourselves of the Chapter 11 process was the best way to address our burdensome liabilities, CTS chairman Marc Salkovitz noted in a press release. Christmas Tree Shops, also known as CTS, recently announced plans to shutter all of its stores. This is not the only home goods chain to file for Chapter 11 bankruptcy in the past . All sales at the store are final. It looks like you do not have any active subscriptions. Hi, to comment on stories you must create a commenting profile. Our operations are sound. A manager at the Scarborough store said Monday night that employees have not been told when the store will close, only that it could be saved if a buyer emerges with an offer within the next week or two. YouTubes privacy policy is available here and YouTubes terms of service is available here. You'll also find wreaths and garlands, and spots for those classic tree lot photo ops. 2023 Advance Local Media LLC. Handil Holdings said it made a "series of operational improvements" to the business, including bringing in experts to upgrade operational efficiencies and inventory management; creating a new stand-alone modern IT environment; attracting top talent to build independent HR and finance departments; developed and implemented new store prototype; and, introduced a customer loyalty program. YouTubes privacy policy is available here and YouTubes terms of service is available here. At the time, Christmas Tree Shops planned to close just a small number of underperforming stores. You can go here to see a list of other major closures. The company noted in a press release it hopes to complete its financial restructuring and emerge from Chapter 11 a financially stronger retailer before the end of August.. Did Staten Island location survive first round of cuts? Led by Pam and Marc Salkovitz, the company currently operates 83 stores in 20 states. It started in 1950 as a gift shop on Cape Cod, then expanded under new owners in 1970 into closeout merchandise and off-price goods. Bed Bath & Beyond, which had owned the chain since 2003, sold it to Handil Holdings, LLC, in 2020. Christmas Tree Shops is shuttering all locations. We're feeling some On Friday, the chain began offering savings on . All rights reserved (About Us). Christmas Tree Shops, which developed a reputation for selling unique home goods items at discounted prices, plans to liquidate all of its stores in the United States, including three in. Cookie Settings/Do Not Sell My Personal Information. Christmas Tree Shops operated 82 stores in 20 states when it filed for Chapter 11 in United States Bankruptcy Court for the District of Delaware. The discount chain sought bankruptcy protection in May. Success. Search by city and state or ZIP code. Got a tip, comment or story idea? 2023 Advance Local Media LLC. Cookie Settings/Do Not Sell My Personal Information. Already have a commenting profile? They include 143 workers in Springfield, 61 workers in Brick, 40 workers in Bridgewater, 37 workers in Cherry Hill, 33 workers in Deptford, 51 workers in Freehold, 20 workers in Mays Landing, 48 workers in Paramus, 40 workers in Rockaway and 58 workers in Woodland Park. With Christmas Tree Shops liquidating all 70 stores nationwide 10 in New Jersey going-out-of-business sales have commenced. The High Pointe Commons, 4690 High Pointe Blvd. Christmas Tree Shops closing all stores; list of locations By browsing this site, we may share your information with our social media partners in accordance with our. That changed after the Massachusetts-based chain defaulted on a loan funding its bankruptcy, the report said. If the page does not reload within 5 seconds, please refresh the page. Find the Nearest Christmas Tree Shops in California near you. You can share 5 more gift articles this month. By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. full list of stores closing throughout the U.S. This profile is in addition to your subscription and website login. As part of the plan, the retailer closed 10 stores in May in hopes of saving the 53-year-old business. 2 RI Christmas Tree Shops to close in company's bankruptcy proceedings, filed for Chapter 11 in United States Bankruptcy Court for the District of Delaware, Christmas Tree Shops defaulted on a $45 million loan. Enter your email and password to access comments. The Northern Lights store, which sells. Mattydale, N.Y. After nearly 20 years of operation, the popular Christmas Tree Shop in Northern Lights Plaza is closing as part of a nationwide liquidation plan. Christmas Tree Shops expected to close all remaining stores July 7, 2023 at 2:47 PM EDT. You can go here to see a list of other major closures. STATEN ISLAND, N.Y. -- Discount retailer Christmas Tree Shops (CTS), which filed for Chapter 11 bankruptcy on May 5, has announced plans to close 10 underperforming stores across seven. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 7/1/2023). Where You Can Buy Christmas Trees in Los Angeles - Time Out CNN reported Wednesday that Christmas Tree Shops defaulted on a $45 million loan, which will result in closing its roughly 70 remaining stores in the coming weeks. Discount home-goods retailer . Community Rules apply to all content you upload or otherwise submit to this site. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. CNN reported Wednesday that Christmas Tree Shops defaulted on a $45 million loan, which will result in closing its roughly 70 remaining stores in the coming weeks. Founded as a small holiday store -- The Christmas Tree Gift Shop -- in the early 1950s on Cape Cod, in Yarmouthport, Mass., the small business was transformed into a destination for one-of-a-kind items with astonishingly low prices sometime in the 1970s by a new owner, Chuck Bilezikian. Christmas Tree Shops shuttering 10 stores. See the full list of Christmas Tree Shops, which developed a reputation for selling unique home goods items at discounted prices, plans to liquidate all of its stores in the United States, including three in Maine, unless a buyer emerges in the near future. Shutterstock Christmas Tree Shops in Buffalo, New York, USA. Heres the full list of stores closing throughout the U.S.: Christmas Tree Shops is not the only retailer to shut down operations after filing for bankruptcy. The specialty retailer plans to close its 70 stores in the coming weeks. A Christmas Tree Shops store in Hagerstown, Md. Follow Neal Simon on Twitter @HornellTribNeal. [CDATA[ Buy newspaper front pages, posters and more. Dan Gleiter | dgleiter@pennlive.com. At the time, the firm said it wanted to reduce its debt and adjust its finances amid inflationary pressure, reduced consumer demand and higher interest rates. The store does have empty shelves, bins and spaces. The Christmas Tree Shops store at High Pointe Commons in Swatara Township. As a hedge against COVID-19, arrangements can be made to purchase your tree and other items without entering the lot. Christmas Tree Shops to close all stores, including its only 1 in July 5, 2023 The holidays are coming to an end for Christmas Tree Shops. Heres a full list of stores closing throughout the U.S. Christmas Tree Shops is just the latest national retailer to close down. In addition to the store in Swatara Township, the other remaining stores in Pennsylvania that are closing include: Originally, Christmas Tree Shops had planned to close 10 stores including a location in East Lampeter Township, Lancaster County, and remain open. (WBNG) -- All 72 Christmas Tree Shops are expected to close their doors for good after struggling to secure a buyer. 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