The owner of the Three D Bed and Bath chain is unloading merchandise and closing stores after failing to bounce back from bankruptcy, the company's bankruptcy attorney said Friday.
Costa Mesa-based Three D Departments Inc. filed for Chapter 11 reorganization last year but was unable to right itself quickly enough to satisfy creditors, attorney Marc Winthrop said.
"They had been losing money for quite some time and attempted to get things turned around, and they never did," he said. So creditors decided "it was time to turn out the lights."
Three D, which has been in business since 1957, had 22 stores in California, Connecticut and Arizona before the bankruptcy.
Seven of the stores have since closed. Of the 15 stores that remain open, three are in California--Irvine, Mission Viejo and Torrance. The Arizona stores operate under the name Linens Plus.
The liquidation sale got underway Wednesday and is expected to continue through mid-October, Winthrop said. More than half of Three D's 480 employees have been terminated.