Charming Shoppes' retail store brands raise 3%, 13-week ended July 30
05 Aug '05
3 min read
Total sales for the twenty-six weeks ended July 30, 2005 increased 8 percent to $1,294,900,000 from $1,204,500,000 for the twenty-six 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 1 percent for the twenty-six weeks ended July 30, 2005.
The Company's plans anticipate positive low single digit comparable store sales for the Company's retail store brands during August 2005.
On July 7, 2005, Charming Shoppes Inc announced that, beginning with next year's first fiscal quarter, the Company will commence reporting consolidated sales and comparative store sales on a quarterly basis, and will discontinue reporting consolidated sales and comparative store sales on a monthly basis.
Bensalem based Apparel retailer Charming Shoppes Inc operates 2,236 retail stores in 48 states under the names LANE BRYANT, FASHION BUG, FASHION BUG PLUS, and CATHERINES PLUS SIZES. It offers women's plus-size apparel.
Additionally, the following apparel, accessories, footwear and gift catalogs are operated by Charming Shoppes' Crosstown Traders: Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, Brownstone Studio, Regalia, Intimate Appeal, Monterey Bay Clothing Company, Coward Shoe and Figi's. During the twenty-six weeks ended July 30, 2005 the Company opened 25, relocated 35, and closed 10 retail stores.