Exhibit 99.1


   Linens 'n Things Announces Estimated First Quarter 2003 Results


    CLIFTON, N.J.--(BUSINESS WIRE)--April 10, 2003--Linens 'n Things,
Inc. (NYSE:LIN) today announced that it is lowering its guidance for
earnings per share for the first quarter ended April 5, 2003 to the
range of $0.04 to $0.05 per share on a fully diluted basis, from the
previous outlook of $0.10 to $0.12 per diluted share. The Company
reported earnings of $0.12 per diluted share for the same period last
year. The current guidance includes the impact of a charge of $0.03
per share on a fully diluted basis in connection with the departure of
the company's President announced earlier this year. Excluding this
charge, the range of earnings per share for the first quarter ended
April 5, 2003 is currently expected to be $0.07 to $0.08 per share on
a fully diluted basis.
    Net sales increased approximately 5% to $480 million for the first
quarter ended April 5, 2003, up from $457 million for the same period
last year. Comparable store net sales for the first quarter declined
approximately 3.2%.
    Norman Axelrod, chairman and chief executive officer, commented,
"Overall, sales for the first quarter of 2003, which covers the period
January 5, 2003 through April 5, 2003, were difficult as a result of a
series of external factors. Inclement weather significantly impacted
sales in February, particularly during President's Day weekend, while
the economy, weak consumer confidence and the official start of war in
Iraq have continued to depress consumer traffic. In addition, the
timing of the Easter selling season will occur in the second quarter
of 2003 compared to the first quarter of 2002. Although the retail
environment remains challenging, we are committed to those initiatives
that are aimed at improving our guest shopping experience. These
initiatives are on track and remain a priority for 2003.
    "We expect our gross margin to be strong for the first quarter,
however, SG&A will be deleveraged as revenue in the first quarter is
seasonally lower, and therefore, our results are more sensitive to
changes in comparable store sales.
    "We plan to provide an update for our second quarter and full year
earnings outlook at the time of our first quarter conference call
scheduled for April 23, 2003," Mr. Axelrod concluded.
    The Company will release its first quarter earnings report on
April 23rd and conduct its quarterly earnings call at 9:00 a.m. EST on
the same day. You can listen to the call through our Web site at
www.lnt.com linking through the "Investor Relations" page. A replay of
this call can be accessed at the same Web site address.
    Linens 'n Things, with 2002 sales of $2,184.7 million, is one of
the leading, national large format retailers of home textiles,
housewares and home accessories. As of April 5, 2003 the Company was
operating 400 stores in 45 states and four provinces across the United
States and Canada. More information about Linens 'n Things can be
found online at www.lnt.com.



    This outlook is based on current expectations and assumptions and
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act and Section 21E of the Securities Exchange
Act. The Company can give no assurances that such expectations and
assumptions will prove correct.

    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, unusual weather patterns, the impact
on consumer spending as a result of the slower consumer economy, a
highly promotional retail environment, any significant variations
between actual amounts and the amounts estimated for those matters
identified as our critical accounting estimates as well as other
significant accounting estimates made in the preparation of our
financial statements, the impact of the hostilities in the Middle East
and the possibility of hostilities in other geographic areas as well
as other geopolitical concerns, including the potential impact of SARS
health concerns particularly on manufacturing and production in Asia.
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 18,
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.


    CONTACT: Linens 'n Things, Inc., Clifton
             William T. Giles, 973/815-2929