Garden Ridge Files Bankruptcy
By: Import User
Updated: January 7, 2009
The Garden Ridge home decor and crafts retail
chain is seeking bankruptcy court protection.
Houston-based Garden Ridge also has announced it`s closing four
stores.
Garden Ridge spokesman Joel Weiden says the chain also wants to
renegotiate store lease agreements through its Chapter Eleven
filing.
Garden Ridge has 44 stores in 13 Midwestern and Southeastern
states. It says it plans to close two in Houston, one in Humble
(UHM`-buhl) and another in Cincinnati within the next 45 days.
It`s also is considering closing more locations across the
country and opening new stores in more promising sites.
Garden Ridge, which has one Arkansas store in Little Rock, faces
tough competition from Wal-Mart and Home Depot.
