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Friday, February 23, 2018 5:23:12 PM
TRTC is now a bankruptcy central --- a pit of hell for screwed investors.
Anna's Linens was an American retailer. It was based in Costa Mesa, California.
The company was founded in 1987 by Alan Gladstone, who named the store after his mother.[1] The first location opened in Los Angeles, California.[2] In 1993, the chain filed for bankruptcy due to the poor economy of southern California at the time. It emerged from bankruptcy in December 1994.[3]
The stores were stocked with household items,[4] with merchandise sold at discounts. Stores were usually 10,000 square feet in size.[5] It had more than 250 stores in 19 states.[6] In early 2012, it partnered with DDR Corp. to expand into Puerto Rico.[7]
In 2015, the chain filed for Chapter 11 Bankruptcy with money owed to creditors in excess of 100 million dollars. Most locations closed. On Aug. 27, 2015, 41 store leases were taken over at auction out of a debtor's sale by National Stores Inc.[8][9] Some previously Anna's Linens stores in certain locations will be branded "Anna's Linens by Fallas" according to the intellectual property rights acquired by National Stores and will continue the basic Anna's Linens product offering.
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