"Christmas Tree Shops: Closure, Unpaid Workers, and Broken Promises"
Originally Published 2 years ago — by NBC10 Boston
Christmas Tree Shops, a popular retail chain in New England, has faced financial trouble and recently closed all 49 remaining stores. The company filed for Chapter 11 bankruptcy earlier this year but failed to meet revenue projections during store-closing sales. As a result, a U.S. Bankruptcy Judge converted the bankruptcy to a Chapter 7 liquidation and ordered a court-appointed trustee to ensure that employees are paid for their work. The closure has been described as a "complete breakdown," and the company must now sell off all remaining stores unless a last-minute buyer is found.