Anna's Linens
| File:Anna's Linens.png | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1987 Los Angeles, California |
| Founder | Alan Gladstone |
| Defunct | Template:End date and age |
| Fate | Chapter 11 Bankruptcy |
| Headquarters | Costa Mesa, California |
Number of locations | 252 |
Area served | United States |
| Products | Textiles, furniture |
Anna's Linens operated as a retail chain headquartered in Costa Mesa, California within the United States.
History
Alan Gladstone established the company in 1987, choosing to name it in honor of his mother.[1] The inaugural store was launched in Los Angeles, California.[2]
Facing economic challenges in Southern California, the business filed for bankruptcy protection in 1993 but successfully restructured and exited bankruptcy by December 1994.Cite error: The opening <ref> tag is malformed or has a bad name
The retail outlets primarily featured discounted home goods,[3] with each store typically occupying about 10,000 square feet.Cite error: The opening <ref> tag is malformed or has a bad name At its peak, the company operated over 250 stores across 19 states.[4]
In early 2012, Anna's Linens expanded its footprint by collaborating with DDR Corp. to enter the Puerto Rican market.[5]
By 2015, the retailer filed for Chapter 11 Bankruptcy amid debts exceeding $100 million. This led to the closure of most stores, paving the way for Five Below to establish new locations in California by taking over former Anna's Linens sites starting in 2017.Cite error: The opening <ref> tag is malformed or has a bad name
On August 27, 2015, an auction resulted in National Stores Inc. acquiring leases for 41 of the former Anna's Linens stores as part of a debtor sale.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name
Certain former stores were rebranded as "Anna's Linens by Fallas," maintaining a similar product assortment under this new branding.[6][7] Following National Stores' bankruptcy, all remaining outlets had ceased operations by 2022.
Customers enrolled in the company's loyalty program were referred to as "Fans of Anna's."
References
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External links
- Home decor retailers
- United States retail companies
- California-based retail firms
- Companies headquartered in Costa Mesa, California
- American enterprises founded in 1987
- Retail businesses established in 1987
- Retail businesses closed in 2015
- 1987 establishments in California
- 2015 closures in California
- American corporations dissolved in 2015
- Businesses that filed Chapter 11 bankruptcy in 1993
- Businesses that filed Chapter 11 bankruptcy in 2015
- Businesses that filed Chapter 11 bankruptcy in 2018
- Retail companies of the United States