Christmas Tree Shops Faces Bankruptcy and Store Closures

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Source: WKBW 7 News Buffalo
Christmas Tree Shops Faces Bankruptcy and Store Closures
Photo: WKBW 7 News Buffalo
TL;DR

Christmas Tree Shops, a popular shopping destination, is expected to close all 72 of its remaining stores nationwide unless a buyer is found within the next week. The Massachusetts-based chain, which filed for Chapter 11 bankruptcy in May, defaulted on a $45 million loan. The stores, including one in Amherst, New York, could go dark if a new owner does not emerge.

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