Linen N Things

In: Business and Management

Submitted By platoplaton
Words 3065
Pages 13
Linens 'n Things, Inc. History
Address:
6 Brighton Road
Clifton, New Jersey 07015
U.S.A.

Telephone: (973) 778-1300
Fax: (973) 815-2990

Website: www.lnthings.com
Public Company
Incorporated: 1958 as Great Eastern Linens, Inc.
Employees: 7,700
Sales: $874.22 million (1997)
Stock Exchanges: New York
Ticker Symbol: LIN
SICs: 5714 Drapery, Curtain & Upholstery Stores; 5719 Miscellaneous Home Furnishings; 5722 Household Appliances
Company Perspectives:
Linens 'n Things, Inc. is committed to providing a one-stop shopping experience for a broad assortment of high quality brand name housewares, home textiles and designer home furnishings; to keeping "won't be undersold" everyday low prices; to offering efficient customer service; and to maintaining low operating costs.
Company History:
Linens 'n Things, Inc. is one of the nation's two largest and most profitable specialty retailers of home textiles, housewares, and decorative home accessories. In 1998 the company was operating 176 stores (153 superstores and 23 smaller, traditional-size stores) in 37 states. The traditional stores averaged approximately 10,000 gross square feet in size while the superstores ranged from 38,000 to 50,000 gross square feet. The stores carry brand name "linens," that is, home textiles--such as bed linens, towels and pillows--and "things," such as housewares and home accessories. The superstores were located predominantly in power-strip centers and, to a lesser extent, in shopping malls. More than 25,000 stock-keeping units (SKUs) supported the company's six product categories: bath, home accessories, housewares, storage, top-of-the-bed, and window treatments. The company bought its inventory from approximately 1,000 suppliers, 95 percent of whom were in the United States. The superstores represented Linens 'n Things' desire to create a compelling one-stop…...

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