Christmas Tree Shops May Be The Next To File For Bankruptcy
Bed, Bath, and Beyond has been closed in the Coconut Point Mall in Estero for quite awhile now, but another store may be facing a similar fate. Christmas Tree Shops, which was once owned by Bed, Bath, and Beyond, may be struggling as well. According to Fox Business, “A bankruptcy filing may reportedly soon come from Christmas Tree Shops. The earliest that lawyers for the home-goods retailer, which now goes by CTS, might do so is before the start of next week, according to the Wall Street Journal. The outlet cited anonymous sources on Thursday.”
Privately owned Christmas Tree Shops has 80 stores across 20 states. That’s including the store in Coconut Point Mall is Estero as well as one in Sarasota. CTS just opened last year in the Coconut Point Mall. It’s in the spot where Bed, Bath, and Beyond once operated, in the area near Total Wine. According to the CTS website:
Celebrate both special occasions and everyday living at a great value! Whether you’re looking for the best deals on seasonal decorations, home decor, furniture, patio, outdoor living, gifts, food or party goods…you’ll discover aisles full of fab finds at our everyday low prices.
Nothing’s confirmed, this is from a Wall Street Journal report. I like the Christmas Tree Shops store. It’s a fantastic place to go to get holiday decorating ideas. So here’s to hoping that the WSJ report doesn’t come true.