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The Gardena-based parent company of the retail chains Fallas and Anna’s Linens said Monday it filed for bankruptcy reorganization and plans to close 74 of its 344 stores.

According to a recent survey by CreditCards.com, 47 percent of U.S. adults say they have at least one unused gift card, voucher or store credit totaling up to $21 billion.

The chain operates 85 stores as Fallas and Fallas Paredes in California, Arizona, Nevada, Texas, New Mexico and Puerto Rico. The Fallas store in Las Cruces remains open.

A Fallas Paredes opened Oct. 3 in a former Anna’s Linens store in Santa Ana. Fallas, a family-owned company that started in 1962 in downtown Los Angeles, has since grown to more than 300 loca… ...

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