Retailer Linens ’n Things posted a net decline in the fourth quarter. For the quarter ended Dec. 29., the retailer generated adjusted earnings before interest, income taxes, depreciation and amortization of US$15.3 million, compared with adjusted earnings before income tax of $58.1 million in the fourth quarter of 2006. It reported total net sales inched up 0.6%, to $962.9 million for the quarter from the opening of new stores. That was offset by a comparable-store sales decline of 1.0%.
to Daily News