Tony D'Onofrio Joins Linens 'n Things as Senior Vice President of Supply Chain Management

Business Wire,  Sept 13, 2002  

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Business Editors

CLIFTON, NJ--(BUSINESS WIRE)--September 13, 2002

Linens 'n Things, Inc. (NYSE: LIN) one of the Nation's leading home specialty store retailer announces the hiring of Tony D'Onofrio as Senior Vice President of Supply Chain Management. Mr. D'Onofrio joins Linens 'n Things with over 25 years experience in retailing and last held the position of Executive Vice President of Global Systems Capability and Chief Supply Chain Officer at K-Mart. Mr. D'Onofrio will report directly to Norman Axelrod, Chairman and Chief Executive Officer.

Formerly, Mr. D'Onofrio held positions at Procter and Gamble, PepsiCo International and Merck.

Mr. D'Onofrio holds a Bachelor of Science Degree in Chemical Engineering and a Master's Degree in Engineering Management from New Jersey Institute of Technology.

Norman Axelrod, Chairman and CEO announced, "We are extremely excited to have Tony join our senior management team to lead our supply chain initiatives. I am confident that Tony will help make a measurable and sustainable difference in our merchandise in stock position in every store, everyday."

With more than 370 stores in 44 states, Linens 'n Things offers consumers a broad selection of high quality, brand name home furnishings at exceptional everyday values. Linens 'n Things' deep merchandise offering coupled with everyday low prices and superior guest service makes it a superstore-shopping destination for the home.

The foregoing contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The statements are made a number of times and may be identified by such forward-looking terminology as "expect," "believe," "may," "will," "could", "intend," "plan," "target" and terms or variations of such terms. All of our information and statements regarding our outlook for the future constitutes forward-looking statements. All our forward-looking statements are based on our current expectations, assumptions, estimates and projections about our Company and involve certain significant risks and uncertainties, including levels of sales, store traffic, acceptance of product offerings and fashions, the success of our new business concepts and seasonal concepts, the success of our new store openings, competitive pressures from other home furnishings retailers, the success of the Canadian expansion, availability of suitable future store locations, schedule of store expansion and of planned closings, the impact of the bankruptcies and consolidations in our industry, the impact on consumer spending as a result of a slowing consumer economy and a highly promotional retail environment. Actual results may differ materially from such forward-looking statements. These and other important risk factors are included in the "Risk Factors" section of the Company's Registration Statement on Form S-3 as filed with the Securities and Exchange Commission on June 7, 2002, and may be contained in subsequent reports filed with the Securities and Exchange Commission. You are urged to consider all such factors. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

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