Report: Christmas Tree Shops to file for bankruptcy

The Massachusetts-based bargain store is reportedly preparing to file Chapter 11 bankruptcy.

The Wall Street Journal reports that the bankruptcy filing could happen as soon as this weekend.

Christmas Tree Shops, which has a warehouse in Middleborough, Massachusetts, is a discount home goods chain that heavily marketed its slogan: “Don’t you just love a bargain?”

In 2003, Bed Bath & Beyond — which filed for bankruptcy protection on April 23 — bought Christmas Tree Shops for $200 million and expanded the regional retailer.

There are currently 83 locations throughout the eastern United States.