Headlines

Cannibal Lechters

Housewares chain to devour 166 of its stores, remerchandise the rest

Published

23 years ago

February 12, 2001

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Lechters, Inc. (Harrison, N.J.), the housewares retailer, announced a restructuring in which it will close 166 of its 490 stores, change its merchandising strategy to focus on high-quality kitchen products and renovate the surviving 324 stores. It will also launch a web site for online sales. Its full-price units include Lechters Housewares and Lechters Kitchen Place. It will be discontinuing its off-price chain, Cost Less Home Stores.

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