USA: Charming Shoppes reports net loss in Q3

NEW YORK: Charming Shoppes Inc., a leading apparel retailer, has reported a net loss of 3.6 million U.S. dollars for the quarter ended Nov. 3, 2007. The company had reported a net income of 19.4 million dollars for the same period last year.

Charming Shoppes is a leading multi-brand, multi-channel specialty apparel retailer specializing in women's plus-size apparel, which boasts four brands, Lane Bryant, Fashion Bug, Catherines and Petite Sophisticate.

The loss is attributed to the year-on-year decline to the lower-than-expected sales of the brands, a decrease in gross margins and negative expense leverage on sales.

During the quarter, net sales of the company reached 669.4 million dollars, down 4 percent from 695.3 million dollars for the three months ended Oct. 28, 2006.

The holiday season is coming up and the company expects promotional sales on the occasion. Under the circumstance, the company updated its diluted earnings outlook for the fourth quarter ended Feb. 2, 2008 to a loss in the range of 0.06 dollars to 0.08 dollars per share.


Send your News/Releases for publication to [email protected]
Added: November 22, 2007 Source: Agencies
Start script - 1534673825.4204 Start news id check - 1534673825.4205 After news id check - 1534673825.4211 After cookie_code - 1534673826.6486 Before news detail - 1534673826.6487 After news detail - 1534673826.6495 Start cat select - 1534673826.6496 After cat select - 1534673826.6498 before preg replace - 1534673826.6498 After preg replace - 1534673826.6498 Before tag engine - 1534673826.6498 After tag engine - 1534673826.6917 Before mptt engine - 1534673826.6917 After mptt engine - 1534673826.6917 Before related engine - 1534673826.6917 After related engine - 1534673826.693 Before update hits - 1534673826.693 After update hits - 1534673826.6932 After update news_hits - 1534673826.6946 After mem_only_views - 1534673826.6946 -------------------------------------------------- Total Exec time:- 1.2742002010345
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 19-08-2018