Anna's Linens
 | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1987 Los Angeles, California |
| Founder | Alan Gladstone |
| Defunct | 2015 |
| Fate | Chapter 11 Bankruptcy |
| Headquarters | Costa Mesa, California |
Number of locations | 252 |
Area served | United States |
| Products | Textiles, furniture |
Anna's Linens was an American retailer. It was based in Costa Mesa, California.
History
[edit]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."
References
[edit]- ^ "Anna's Linens Getting Ready to Hit 300 | Home Textiles Today". hometextilestoday.com. Retrieved 14 July 2016.
- ^ "A business named after Mom, run by the family - tribunedigital-dailypilot". articles.dailypilot.com. Archived from the original on April 28, 2013. Retrieved 14 July 2016.
- ^ Marano, Ray (February 1, 2007). "Beating bankruptcy". www.sbnonline.com. Archived from the original on April 11, 2013. Retrieved 2020-04-04.
- ^ "Anna's Linens Set to Go Public | Home Textiles Today". hometextilestoday.com. Retrieved 14 July 2016.
- ^ "Company Search". Accelerate Your B2B Sales With D&B Hoovers. 1970-01-01. Retrieved 2020-04-04.
- ^ "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. Retrieved 21 July 2016.
- ^ "Anna's Linens, Inc.: Private Company Information - Businessweek". investing.businessweek.com. Archived from the original on April 14, 2009. Retrieved 14 July 2016.
- ^ Channick, Robert (26 June 2015). "Anna's Linens folding up after filing for bankruptcy". chicagotribune.com. Retrieved 2020-08-20.
- ^ DiMartino, Mediha (28 August 2015). "Anna's Linens Postpones Part of Auction". Orange County Business Journal. Retrieved 25 September 2015.
- ^ "Anna's Linens Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 6 June 2016.
- ^ "Retail Brand Anna's Linens Intellectual Property To Be Sold" (Press release). GlobeNewsWire.com. 13 August 2015. Retrieved 20 October 2015.
- ^ Kimco Realty. "Anna's Linens by Fallas". 280MetroCenter.com. Archived from the original on 31 August 2015. Retrieved 20 October 2015.
External links
[edit]- Home decor retailers
- Retail companies of the United States
- Retail companies based in California
- Companies based in Costa Mesa, California
- American companies established in 1987
- Retail companies established in 1987
- Retail companies disestablished in 2015
- 1987 establishments in California
- 2015 disestablishments in California
- American companies disestablished in 2015
- Companies that filed for Chapter 11 bankruptcy in 1993
- Companies that filed for Chapter 11 bankruptcy in 2015
- Companies that filed for Chapter 11 bankruptcy in 2018