Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Linens 'n Things Announces Q1 2004 Results
Apr 26, 2004
 Printable format
 Email this Article
 Search

Linens 'n Things, Inc. (Clifton, NJ, U.S.), a U.S. retailer of home textiles, housewares, and home accessories, has announced total net sales increased approx. 15 percent to U.S. $552.8 million for the first quarter ended April 3, 2004. This is up from $480.5 million for the same period last year.

Comparable store net sales for the first quarter of 2004 increased 4.7 percent. Net income for the first quarter ended April 3, 2004 was approx. $30,000 or $0.00 per share on a fully diluted basis. Results for the first quarter ended April 3, 2004 include the impact of the provisions of EITF 02-16

"Overall, we are encouraged by our current performance and by the increased traffic coming into our stores, which we believe stem from the steady progress we are making on our initiatives," Norman Axelrod, chairman and CEO, commented in a written statement.

During the first quarter, the company opened twenty-one new stores, increasing its total square footage to 15.8 million as compared with opening 16 stores during the same period last year. The company currently expects to open approximately 45 to 50 new stores in the United States and Canada in 2004, further expanding its presence as a leading retailer of home furnishings.

Back to Daily News

 

Daily News

...........................................................

Nov 24, 2014: Husqvarna named exclusive chainsaw provider for Asplundh

Nov 24, 2014: LG garners Innovation Award for Home Appliances

Nov 24, 2014: Survey: 10% of consumers plan big-ticket appliance purchases in the coming year

Nov 24, 2014: 2014 Green Building Standard available from ASHRAE

Nov 24, 2014: Smeg enters small appliance market in the United States

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows