LI Christmas Tree Shops To Remain Open After Bankruptcy Filing

LONG ISLAND, NY — Christmas Tree Shops' Long Island locations are set to remain open, after the company filed for voluntary Chapter 11 bankruptcy on Friday.

Known for its housewares, furniture, year-round seasonal decor, party goods, food and drinks, the department chain will close 10 "underperforming" stores nationwide as part of its bankruptcy, in order to "strengthen the company and position it for long-term success", according to court documents.

The "financial restructuring" aims to reduce the company’s debt, "better aligning" its balance sheet with current market conditions.

"After careful consideration, we determined that availing ourselves of the Chapter 11 process was the best way to address our burdensome liabilities," said Christmas Tree Shops chairman Marc Salkovitz. "This is strictly a financial restructuring. Our operations are sound. By increasing our financial flexibility, we will be able to focus on continuing to delight our loyal customers with a wide selection of unique goods at affordable prices."

Christmas Tree Shops currently operates locations at the Deer Park and Riverhead Tanger Outlets.

In October, Breslin Realty announced that a Christmas Tree Shop would open at Sayville Plaza in Bohemia. Patch has reached out to Breslin Realty for its status.

The Massachusetts-based retail chain was acquired by Handil Holdings in 2020.

Its announcement comes about a week after retail-chain Bed, Bath & Beyond filed for bankruptcy.

To learn more about Christmas Tree Shop's Chapter 11 bankruptcy, click here.