Anna's Linens Explained

Anna's Linens
Type:Private
Hq Location:Costa Mesa, California
Fate:Chapter 11 Bankruptcy
Industry:Retail
Foundation: Los Angeles, California
Founder:Alan Gladstone
Locations:252
Area Served:United States
Products:Textiles, furniture

Anna's Linens was an American retailer. It was based in Costa Mesa, California.

History

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, which allowed Five Below to expand into California with new stores opening at former Anna's locations in 2017.[8]

On August 27, 2015, 41 store leases were taken over at auction out of a debtor's sale by National Stores Inc.[9] [10]

Some former Anna's Linens stores in certain locations were re-branded as "Anna's Linens by Fallas" and continued to use the basic Anna's Linens product offering.[11] [12] All remaining locations closed by 2022 following National Stores bankruptcy.

A member of its rewards program was known as a "Fan of Anna's."

External links

Notes and References

  1. Web site: Anna's Linens Getting Ready to Hit 300 | Home Textiles Today. hometextilestoday.com. 14 July 2016.
  2. Web site: A business named after Mom, run by the family - tribunedigital-dailypilot. articles.dailypilot.com. 14 July 2016.
  3. Web site: Beating bankruptcy . Marano . Ray . February 1, 2007 . www.sbnonline.com . 2020-04-04 .
  4. Web site: Anna's Linens Set to Go Public | Home Textiles Today. hometextilestoday.com. 14 July 2016.
  5. Web site: Company Search . Accelerate Your B2B Sales With D&B Hoovers . 1970-01-01 . 2020-04-04.
  6. Web site: Retail Leader Anna's Linens Awards Transplace Long-Term Contract Renewal for Third Party Logistics, Managed Services Solution | news.sys-con.com. sys-con.com. 21 July 2016.
  7. Web site: Anna's Linens, Inc.: Private Company Information - Businessweek. https://web.archive.org/web/20090414194848/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=3240999. dead. April 14, 2009. investing.businessweek.com. 14 July 2016.
  8. Web site: Channick. Robert. Anna's Linens folding up after filing for bankruptcy. 2020-08-20. chicagotribune.com. 26 June 2015 .
  9. Web site: Anna's Linens Postpones Part of Auction . Orange County Business Journal . 28 August 2015 . 25 September 2015 . DiMartino, Mediha .
  10. Web site: Anna's Linens Chapter 11 Petition. PacerMonitor. 6 June 2016.
  11. Retail Brand Anna's Linens Intellectual Property To Be Sold . GlobeNewsWire.com . 13 August 2015 . 20 October 2015 .
  12. Web site: Anna's Linens by Fallas . 280MetroCenter.com . 20 October 2015 . Kimco Realty . 31 August 2015 . https://web.archive.org/web/20150831133722/http://280metrocenter.com/store.aspx?ref=029 . dead .