Brookstone Plans Bankruptcy Filing

Specialty retailer Brookstone is preparing to file for bankruptcy as early as Sunday with a plan in place to be bought by another specialty retailer, The Wall Street Journal reported, citing people familiar with the matter. Spencer Spirit Holdings Inc., which owns the retail chain Spencer's and costume retailer Spirit, has been in discussions with Brookstone for weeks and both retailers are looking to finalize sale paperwork over the weekend leading up to a bankruptcy filing, the report said.