Four Valley shopping centers will be losing a large anchor tenant sometime soon when home goods retailer Linens ‘n Things shuts down 120 of its lowest-performing stores. The action was announced as one of LNT’s first restructuring moves in its Chapter 11 filing. One-third of LNT’s 67 stores in California are on the chopping block. The stores are at the Glendale Marketplace; the Moorpark Marketplace; the Riverside Shopping Center in Sherman Oaks; and the Fallbrook Center in West Hills. On May 5, LNT received authorization from the bankruptcy court to continue honoring gift cards and store credits, and to continue paying employee salaries and benefits. The company has not provided information on expected dates for the store closings.
