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Christmas Tree Shops has filed for bankruptcy, and as part of a financial restructuring plan, they’re closing some stores and having liquidation sales.
The move comes a year after the company planned to rename itself as CTS, as many shoppers outside of the New England area (where it was founded) believed the stores only sold Christmas trees and holiday-related items. But the reason for the original “Christmas Tree Shops” name is because the chain wanted customers to feel like it was Christmas every day with all the new items to shop for daily.
So despite their name, Christmas Tree Shops sell a variety of non-holiday related products including furniture, home decor, kitchenware, food items, clothing, and toys — all for discounted prices. And now those items will be sold at a discount as nearly a dozen stores are holding liquidation sales.
Find out what you need to know about the Christmas Tree Shops bankruptcy filing and what it may mean for shoppers.
Christmas Tree Shops is planning to close 10 stores.
Although Christmas Tree Shops filed for bankruptcy on May 5, they’re not going out of business like their former parent company, Bed Bath & Beyond. They’re doing some financial restructuring, with a goal to get out of bankruptcy by August. But they are closing 10 of the company’s 82 total stores — 12.2% of all locations.
Here are the locations that are closing:
- Pembroke Pines, FL
- Kennesaw, GA
- Falmouth, MA
- Sagamore, MA.
- Flint, MI
- Spring Valley, NY
- Watertown, NY
- Downington, PA
- Lancaster, PA
- Potomac Mills, VA
Christmas Tree Shops liquidation sales have begun with 10%-30% discounts — but those deals will get better week to week.
Liquidation sales are part of the Christmas Tree Shops bankruptcy process, and these sales have begun at all 10 of the Christmas Tree Shops slated for closure.
The CTS liquidation sales have started small, with discounts of 10-30% to start, ramping up each week until stores close in July. While most items are 10% off, some seasonal items — we saw a lot of autumn- and Halloween-themed seasonal merch — have been marked down 30%.
Based on how liquidation sales work, you can expect the discounts to increase by 10% every week or two until the stores are closed.
Christmas Tree Shops used to be owned by Bed Bath & Beyond.
Christmas Tree Shops were previously owned by Bed Bath and Beyond, which recently announced it was closing all of their stores and liquidating all inventory. However, Christmas Tree Shops/CTS locations are currently owned by Handil, who purchased the company in 2020 — at the beginning of Bed Bath and Beyond’s attempts at financial restructuring. BBB owned CTS from 2003 to 2020, respectively.
