589 Stores. A National Home Goods
Chain Wound Down.
Led by James Schaye through Hudson Capital Partners, the Linens 'N Things liquidation represented one of the largest home goods retail dispositions in U.S. history following the company's Chapter 11 bankruptcy.
The Engagement
Linens 'N Things filed for Chapter 11 bankruptcy in May 2008 after being weighed down by $650 million in debt, declining consumer spending, and the impact of slowing housing sales on home goods demand. After closing 120 underperforming stores during the summer and failing to find a buyer, the company moved to a straight going-out-of-business liquidation. James Schaye, CEO of Hudson Capital Partners, confirmed the liquidation sale commencement and Hudson Capital served as one of the consortium firms managing the disposition across all remaining locations.
This engagement was led by Eaton Hudson founder James Schaye through Hudson Capital Partners, the predecessor firm whose institutional track record is now represented under the Eaton Hudson banner.
Scope of Work
- Going-out-of-business sale management across all remaining store locations
- Inventory liquidation of housewares, linens, home accessories and décor
- Coordination with co-liquidating consortium members
- Phased discount strategy to maximize recovery across the sale period
The Eaton Hudson Advantage
The Linens 'N Things engagement required managing a high-profile, consumer-facing liquidation in a highly competitive home goods market at the height of the 2008 financial crisis. The ability to execute cleanly at scale — while the broader retail landscape was collapsing around it — demonstrated the operational resilience that defines Eaton Hudson's approach to complex, time-sensitive dispositions.
Managing a Large-Scale
Retail Wind-Down?
Our advisory team has managed some of the largest retail liquidations in U.S. history.
Contact Our Advisory Team