| Business Summary | | Linens
'n
Things,
Inc.
is
a
national
large-format
retailer
of
home
textiles,
housewares
and
home
accessories,
operating
283
stores
in
40
states
and
three
Canadian
provinces
as
of
year-end
2000.
The
Company's
store
prototype
ranges
between
35,000
and
40,000
gross
square
feet
in
size,
and
such
stores
are
located
in
strip
centers
and,
to
a
lesser
extent,
in
malls
and
as
stand-alone
stores.
The
Company
maintains
a
selection
of
over
28,000
stock-keeping
units
(SKUs)
in
its
superstores,
offering
brand
name
"linens"
(bedding,
towels
and
pillows)
and
"things"
(housewares
and
home
accessories).
Brand
names
sold
by
the
Company
include
Wamsutta,
Croscill,
Waverly,
Laura
Ashley,
Royal
Velvet,
Braun,
Krups,
All-Clad,
Cuisinart,
Calphalon
and
Henckels.
The
Company
also
sells
an
increasing
amount
of
merchandise
under
its
own
private
label,
LNT
Home
(approximately
10%
of
sales),
which
is
designed
to
supplement
its
offering
of
brand
name
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Linens'n
Things
is
a
national
large
format
retailer
of
home
textiles,
housewares,
and
home
accessories
operating
283
stores
in
40
states
(as
of
9/00).
For
the
26
weeks
ended
6/30/01,
net
sales
increased
15%
to
$767
million.
Net
income
decreased
43%
to
$6.8
million.
Revenues
reflect
the
opening
of
23
new
stores.
Earnings
were
offset
by
costs
associated
with
new
store
openings,
higher
SGA
expenses,
and
a
$4
million
litigation
expense
regarding
overtime
pay. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Norman Axelrod, 48 Chairman,
CEO | $3.9M | $6.2M | Steven Silverstein, 41 Pres | 1.2M | 1.7M | William Giles, 41 CFO,
Sr. VP | 734K | -- | Audrey Schlaepfer Exec.
VP and CMO | -- | -- | Jeffrery Steinhorn Sr.
VP, CIO | -- | -- | Dollar
amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|