GENERAL

Linens 'n Things, Inc., a Delaware corporation, and its subsidiaries ("Linens 'n Things" or the "Company") is one of the leading, national large format retailers of home textiles, housewares and home accessories operating 492 stores in 45 states and five provinces in Canada as of fiscal year end 2004. The Company was a wholly owned subsidiary of CVS Corporation, formerly Melville Corporation, until 1996.

The Company's business strategy is to offer a broad selection of high quality brand-name as well as private label home furnishings merchandise at everyday values, to provide knowledgeable sales assistance and attentive guest service and to...