Growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, Charlotte Russe Holding Inc reported financial results for the first quarter of fiscal 2006 ended December 24, 2005.
Mark Hoffman, Chief Executive Officer, remarked: "Their comparable store sales improvement in this first quarter reflects significant progress made in both brands to reclaim market share.
Charlotte Russe recorded positive comparable sales trends in apparel which was complemented by continued strength in their accessory categories.
Rampage, while posting double digit comparable sales growth, continues to be a work in process with its brand repositioning."
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Charlotte Russe Holding, Inc. is a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties.
The company operated a total of 422 stores in 43 states and Puerto Rico, as of December 24, 2005, comprised of 356 Charlotte Russe stores and 66 Rampage stores.
The company expects to open up to 35 new Charlotte Russe stores during the fiscal year ending in September 2006.
Charlotte Russe Holding Inc
marketing@alchempro.com
