Family Christian Stores seeks bankruptcy protection

c. 2015 Religion News Service

(RNS) Family Christian Stores, the largest Christian retail chain, filed for bankruptcy, seeking to restructure so it can keep its more than 260 stores open.

Chuck Bengochea, president and CEO, said the Grand Rapids, Mich.-based company “took on too much debt” due to declining sales and was hit by the 2008-09 recession and the digital revolution that has changed the sales of books, movies and music.