Home Textiles Today - May 21, 2007
Features
Linens 'n Things Chips Away at Losses
With sales still sliding, and spending far more than it's able to make selling the goods it stocks on its shelves, Linens 'n Things recorded a first-quarter loss of $58.2 million, making some headway after a prior-year loss of $65.5 million. Sales at the big-box home fashions specialist, acquired last year and taken private by Apollo Management, slipped by 3.
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