Charming Shoppes to participate in the Citigroup 2006 Retail Conf
09 Feb '06
2 min read
Women's apparel retailer Charming Shoppes Inc is scheduled to participate in the Citigroup 2006 Retail Conference.
When: On Thursday, February 9th 2006, at 8:10 a.m. Eastern Time Where: http://www.charmingshoppes.com/investors/manage/index.asp
Dorrit Bern, Chairman of the Board, President and CEO, Lorna Nagler, President of Lane Bryant, Eric Specter, Executive VP and CFO, Steven Wishner, Sr. Vice President, Finance, Strategy and Business Development, and Gayle Coolick, Director of Investor Relations, will represent Charming Shoppes at the conference.
During the presentation, Dorrit Bern plans to discuss the company's strategic initiatives designed to drive annual revenue at Charming Shoppes from approx. $2.75 billion during the fiscal year ended January 28th 2006, to approx. $4 billion within the next three to four years.
These initiatives include:
* An acceleration of new store growth, primarily at the Lane Bryant brand * Roll-out Lane Bryant's new Cacique side-by-side store, capitalizing on Lane Bryant's #1 market share in plus-size intimate apparel * Lane Bryant's entry into the outlet stores channel * Significant expansion in catalog revenues, including the introduction of several new catalogs * Accelerated growth in e-commerce
Based on the company's growth initiatives, and building on its multi-brand, multi-channel strategy, financial plans over the next three to four years include:
* Compounded annual growth rate in the low-teens for net sales
marketing@alchempro.com
