Linens 'n Things Opens New Stores for The Holiday Season; Growth Through Expansion into New Markets.

Business Editors

CLIFTON, N.J.--(BUSINESS WIRE)--November 30, 2001

Building on the strength of its 329 store locations, Linens 'n Things, Inc. (NYSE:LIN) one of the leading national large format retailers of home textiles, housewares and home accessories recently added thirteen stores and nearly 447,000 square feet of space that offers quality home furnishings and an extensive collection of more than 30,000 items.

Seven of the thirteen new sites are located on the West Coast. Six are in California (Fullerton, Union City, Chico, Bakersfield, Citrus Heights and Burbank); a new Spokane location joins its sister store. New East Coast locations include Waterbury, CT, Williston, VT and Cortland, NY. A new store also opened in Billings, MT. Two new Canadian stores are located in Winnipeg, Manitoba and Abbotsford, British Columbia.

Expansion into these new markets is expected to help build brand recognition, increase Linens 'n Things' solid customer base and to contribute to increased revenues. Linens `n Things features a wide array of value priced brand name bedlinens, window treatments, cookware, home accessories, storage, and bath accessories, in addition to the Company's own high-quality private label merchandise. Our quality name brands include Nautica, Calphalon, Cuisinart, Royal Velvet and Croscill.

In addition to convenient in-store and online shopping, Linens 'n Things offers a national Gift Registry. With over 300 stores and our website at www.linensnthings.com, Linens 'n Things has made it possible for customers to select from its wide array of products when shopping for themselves or choosing gifts for weddings, housewarmings or graduations.

As of November 30, 2001, Linens 'n Things operated 342 stores in 43 states and four Canadian provinces. Linens 'n Things, with year 2000 sales of $1.6 billion, was founded in 1975 and operated as a privately held company until 1983 when it was acquired by the Melville Corporation. In 1996, Linens 'n Things became a publicly traded company and its shares are traded on the New York Stock Exchange (NYSE:LIN). More information about Linens 'n Things, Inc. can be located on-line at www.linensnthings.com.

The foregoing contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The statements were made a number of times and have been identified by such forward-looking terminology as "expect," "believe," "may," "will," "intend," "plan," "target" and similar statements or variations of such terms. All of our "outlook" information constitutes forward-looking information. All such 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, the impact of the bankruptcies and consolidations in our industry, the impact on consumer confidence and consumer spending as a result of acts of terrorism and war, and the impact of a slowing consumer economy. These and other important factors that may cause actual results to differ materially from such forward-looking statements are included in the "Risk Factors" section of the Company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission on May 29, 1997, 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.