Quick, spend all those 20% off coupons you've been hoarding: Linen's N Things filed for Chapter 11 bankruptcy protection. [NYT]
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How are the small businesses doing in these financially rocky times? Maybe we'll go through a retail cleansing with these big box stores dieing off and mom & pop places emerging victorious.
Bed, Bath & Beyond will honor Linens N Things coupons if they share a market.
@chiieddy: Each will honor the other's 20% off coupons, but only if they haven't expired. They'll both take their own expired ones though.
"Quick, spend"?! It's all part of the economic stimulus package.
This isn't terribly surprising, considering thier whole business model was:
1) Mark up everything 20%.
2) Flood everyone's mailboxes with 20% off coupons.
3) Rely on consumers to not figure this out.
4) Profit!!!
I wonder if that will affect the two $20 rebates from LNT that I'm supposed to receive in the next couple of weeks.