Christmas Tree Shops to Close All 70 Locations: 'I Wish Someone Could Save These Stores' The chain started as a boutique in Cape Cod in the 1950s.

By Sam Silverman

Key Takeaways

  • Christmas Tree Shops filed for bankruptcy in May.
  • The company was in business for 53 years.
  • People are hoping someone steps up to save the chain.
Christmas Tree Shops in Buffalo, New York, USA.

It's a not-so-merry time for the Christmas Tree Shops.

The chain of discount stores known for selling home goods, and, of course, Christmas decor, is set to liquidate all 70 remaining locations and go out of business.

The news, which The Wall Street Journal first reported, comes after the brand filed for Chapter 11 bankruptcy in May and took out a $45 million loan to revamp the company. However, the loan was terminated after the Christmas Tree Shops defaulted on the payments following continually declining sales, according to a filing with U.S. Bankruptcy Court obtained by the outlet.

It will liquidate all remaining stores unless a buyer steps up in the last hour.

RELATED: Here's What Bed Bath & Beyond's Bankruptcy Really Means for the Future of Retail

"Unfortunately, circumstances have resulted in the plan really not being able to go forward because quite simply, the debtor doesn't have the time nor the money to go forward with the plan," a lawyer for the retailer Harold Murphy said during a court hearing.

People took to Twitter to share their feelings about the closing and even suggested some prospective buyers who can save the brand.

The Christmas Tree Shops is owned by Handil Holdings, LLC after purchasing the chain from Bed Bath & Beyond, which is also in the process of liquidating, in 2020. It originated as a boutique in Cape Cod in the 1950s, according to NPR, before expanding to 82 locations across the country in its heyday.

It's unknown at this time when the Christmas Tree Shops will close for good.

Sam Silverman

Entrepreneur Staff

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

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