Christmas Tree Shops will liquidate and shut down its remaining locations, if the struggling home goods store is unable to find a buyer.
The retailer stated in a court filing last week that it will shutter its remaining 70 stores after defaulting on a $45 million loan.
The closures follow Christmas Tree Shops’ filing for Chapter 11 bankruptcy in May.
It originally planned to do some corporate restructuring and get out of bankruptcy by August. As part of the plan, the retailer closed 10 stores in May in hopes of saving the 53-year-old business.
Despite the company’s best efforts, including a rebranding campaign to change its name to “CTS” and update its logo, sales continued to slump. CTS was no longer able to carry out its bankruptcy plan because it had no more money to continue.
Therefore, CTS decided to permanently close its stores within the next few weeks.
Here’s the full list of stores closing throughout the U.S.:
Connecticut
- Danbury
- Manchester
- Orange
- Waterford
Delaware
Florida
- Altamonte Springs
- Estero
- Jacksonville
- Pembroke Pines
- Sarasota
Georgia
Indiana
Kentucky
Maine
Maryland
Massachusetts
- Avon
- Falmouth
- Foxboro
- Holyoke
- Hyannis
- Lynnfield
- Natick
- North Attleboro
- North Dartmouth
- Orleans
- Pembroke
- Shrewsbury
- Somerville
- West Dennis
Michigan
New Hampshire
- Nashua
- North Conway
- Portsmouth
- Salem
New Jersey
- Brick
- Bridgewater
- Cherry Hill
- Deptford
- Freehold
- Mays Landing
- Paramus
- Rockaway
- Springfield
- Woodland Park
New York
- Albany
- Amherst
- Deer Park
- Hartsdale
- Johnson City
- Middletown
- Poughkeepsie
- Riverhead
- Rochester
- Staten Island
- Syracuse
North Carolina
Ohio
Pennsylvania
- Allentown
- Erie
- Harrisburg
- Moosic
- York
Rhode Island
South Carolina
Vermont
Virginia
Christmas Tree Shops is not the only retailer to shut down operations after filing for bankruptcy.
Bed Bath & Beyond filed for bankruptcy protection on April 23 and set plans to shutter its 360 Bed Bath & Beyond and 120 buybuy Baby stores.
Our journalism needs your support. Please subscribe today to NJ.com.
Katherine Rodriguez can be reached at krodriguez@njadvancemedia.com. Have a tip? Tell us at nj.com/tips.