Lean inventory at Linens
April 26, 2005-- Home Textiles Today,
NEW YORK — Acknowledging it was "a little thin" on home textiles inventories during the first quarter, Linen ’n Things plans on building up its assortment this quarter and beyond, the company said during the Lehman Brothers Eighth Annual Retail Seminar here today.
"As we move through the second quarter there is opportunity to retrench and reinvest in some of those categories," said William Giles, executive vice president/chief financial officer.
Home textiles remain the company's "core competency," said Jack Moore, president and chief operating officer.
"Our textiles business is one of our most productive sides of the business. It’s our heritage; it’s where we started," Moore said. "We enjoyed nice growth on the Things and the décor side of the business, and we expect that to continue to grow. But the current slump in our textiles business is something I’ve got to fix."
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