Charming Shoppes' retail store brands raise 3%, 13-week ended July 30
05 Aug '05
3 min read
A leading multi-channel specialty apparel retailer Charming Shoppes Inc reported that total sales for the four weeks ended July 30, 2005 were $200,800,000, an increase of 16 percent compared to $172,700,000 for the four weeks ended July 31, 2004.
The current period's total sales include sales from Crosstown Traders Inc. Comparable store sales for Charming Shoppes' retail store brands were flat for the four weeks ended July 30, 2005.
Total sales for the thirteen weeks ended July 30, 2005 increased 13 percent to $691,600,000 from $611,700,000 for the thirteen weeks ended July 31, 2004. The current period's total sales include sales from Crosstown Traders Inc since its acquisition on June 2, 2005.
Comparable store sales for Charming Shoppes' retail store brands increased 3 percent for the thirteen weeks ended July 30, 2005.
Commenting on sales, Dorrit J. Bern, Chairman, CEO and President of Charming Shoppes Inc said, "July's sales results were slightly below their sales plan for the month, reflecting stronger sell-through of Summer merchandise earlier in the quarter, which left July with a lower level of markdowns required to meet their Summer clearance objectives.
They are pleased with the quality of their sales performance during the quarter, which led to strong improvement in the gross margin for each of their brands. Based on July's results, they are today reaffirming their diluted earnings per share projections for the second quarter ended July 30, 2005,in a range of $0.26 - $0.28."
marketing@alchempro.com
