Linens ’n Things Reports 1Q 2008 Results
May 14, 2008
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Retailer Linens Holding Co. reported total net sales of $566.9 million for 1Q, a 0.8% decrease over the same period in 2007. The decrease in net sales resulted from a comparable store sales decline of 5.7% for the quarter, partially offset by the opening of new stores.
 
During the first quarter of 2008, the retailer opened 7 stores and closed 3 stores as compared with opening two stores and closing zero stores during the first quarter of 2007. Store square footage increased 2.9% to 19.5 million at March 29, 2008 compared with 19.0 million at March 31, 2007.

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