Christmas Tree Shops
Christmas Tree Shops, which spun out of Bed Bath & Beyond in 2020, filed for Chapter 11 bankruptcy protection on May 5, 2023, just 12 days after its former parent. The Massachusetts-based chain, now owned by Handil Holdings, cited “slowing consumer demand fueled by inflationary pressures and increased interest rates” in its decision to restructure. It operates 82 stores and is seeking court approval to close 10 of them.