Friday, May 02, 2008


Retail woes.

NEW YORK (Reuters) - Home goods retailer Linens 'n Things has filed for Chapter 11 bankruptcy protection and plans to close 120 underperforming stores, the company said on Friday.

The struggling seller of textiles, housewares and other home goods also said it had secured $700 million in financing from General Electric Co's GE Capital affiliate to ensure it can stock its stores with merchandise for the back-to-school and holiday shopping seasons.