Christmas Tree Shops To Begin Liquidation Sales In NJ

NEW JERSEY — It appears to be the end of the road for discount retailer Christmas Tree Shops, as it prepares to liquidate all of its stores including the 10 remaining in New Jersey.

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.

The company has 10 stores in New Jersey: Brick, 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.