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LNT progressing in textiles

CLIFTON, N.J. — The textiles business at Linens 'n Things improved during the fourth quarter, although there remains room for improvement, executives said.

"There's momentum in that business," Bill Giles, executive vice president and chief financial officer, said during a conference call Wednesday to discuss the chain's quarterly results. "There's more freshness in the category, and more excitement overall inside the store."

Two hundred stores now participate in LNT's store-ownership program — which gives store managers authority over portions of merchandising — and they outperform the others in the chain, Giles said. LNT plans to expand that program this year.