Anna's Linens
 | |
| Private | |
| Industry | Retail |
| Fate | Liquidation |
| Founded | Los Angeles, California, 1987 |
| Founder | Alan Gladstone |
| Defunct | 2015 |
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.
It 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.[10][11]
A member of its rewards program was known as a "Fan of Anna's."
References
- ↑ "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. Retrieved 14 July 2016.
- ↑ http://www.sbnonline.com/2007/02/beating-bankruptcy-how-alan-gladstone-avoided-the-final-curtain-for-anna-x2019-s-linens/
- ↑ "Anna's Linens Set to Go Public | Home Textiles Today". hometextilestoday.com. Retrieved 14 July 2016.
- ↑ http://www.hoovers.com/company-information/cs/company-profile.Annas_Linens_Inc.40eddbe0f2ae15c6.html
- ↑ "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. Retrieved 14 July 2016.
- ↑ 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. PacerMonitor. Retrieved 6 June 2016.
- ↑ "Retail Brand Anna's Linens Intellectual Property To Be Sold". GlobeNewsWire.com. 13 August 2015. Retrieved 20 October 2015.
- ↑ Kimco Realty. "Anna's Linens by Fallas". 280MetroCenter.com. Retrieved 20 October 2015.