Charming Shoppes' Comp retail store brands jump 3%
07 Oct '05
3 min read
Leading multi-channel specialty apparel retailer Charming Shoppes Inc reported that total sales for the five weeks ended October 1, 2005 were $250,700,000, an increase of 21 percent compared to $206,800,000 for the five weeks ended October 2, 2004. The current period's total sales include sales from Crosstown Traders Inc. Comparable store sales for Charming Shoppes' retail store brands increased 3 percent for the five weeks ended October 1, 2005.
Total sales for the thirty-five weeks ended October 1, 2005 were $1,747,700,000, an increase of 11 percent compared to $1,577,400,000 for the thirty- five weeks ended October 2, 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 2 percent for the thirty-five weeks ended October 1, 2005.
The Company's plans anticipate flat comparable store sales for the Company's retail store brands during October 2005, compared to a comparative store sales increase of 6 percent during October 2004. This projection is consistent with the Company's previously stated plan for consolidated comparable store sales increases of low single digits for the Company's retail store brands for the third quarter ending October 29, 2005.
The Company is providing an update on stores affected by hurricanes in the Gulf Coast region. Following Hurricane Katrina, four Catherines Plus Sizes stores and four Lane Bryant stores sustained considerable damage and remain closed until further notice.
marketing@alchempro.com
