Christmas Tree Shops have officially filed Chapter 11 Bankruptcy. Per USCourts.gov, “A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.” Judging by this, Christmas Tree Shops will do a little housekeeping, a little reorganizing, a little reimagining of the business in the modern climate. Judging by the tone of reports – the end game could get a lot bleaker but for now Christmas Tree Shops has announced that it will be closing 10 underperforming stores, including two in Massachusetts: the location on Route 28 in Falmouth and the store on Route 6A at the base of the Sagamore Bridge, which is known for its large windmill.
I would like to take a few minutes to give Christmas Tree Shops some flowers because the news of their bankruptcy bummed me out more than I would have thought. Soooo… here are some reasons I Will NOT Be OK if Christmas Tree Shops File For Bankruptcy and Close.