Business & Tech

Christmas Tree Shops Liquidating All Stores, Including Brick

The company defaulted on its loan in bankruptcy, and is closing all its stores.

The Brick location of Christmas Tree Shops.
The Brick location of Christmas Tree Shops. (Google Maps)

BRICK, NJ — Discount retailer Christmas Tree Shops is preparing to liquidate all of its stores, including the location in Brick.

Christmas Tree Shops recently filed papers in the U.S. Bankruptcy Court for the District of Delaware indicating that going-out-of-business sales would begin at all the chain's stores.

The sales could begin as soon as Thursday after the company defaulted on the loan funding its bankruptcy, according to the Wall Street Journal. Potential buyers have until then to object to the liquidation sales.

Find out what's happening in Brickfor free with the latest updates from Patch.

The Brick store is one of 10 locations in New Jersey; the others include Bridgewater, Cherry Hill, Deptford, Freehold, Mays Landing, Paramus, Rockaway, Springfield, and Woodland Park.

The Massachusetts-based chain initially filed for bankruptcy in May following the collapse of its parent company, per Patch reporting.

Find out what's happening in Brickfor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.