top shadow

To receive more info from Charming Shoppes about a particular product, Click on the photo (photo will enlarge).

Cacique Sateen Push-Up Plunge Bra in satin. Cacique Sateen Push-Up Plunge Bra in satin.
Cacique Sateen Push-Up Plunge Bra in satin.

Added: Mar 2011
Cacique Sateen Push-Up Plunge Bra in satin.

Added: Mar 2011

current news

Charming Shoppes Plans 240 Closures

(Filed Under Financial and General Interest News). Despite sales increases during the fourth quarter ended January 29, Charming Shoppes Inc. said it plans to close approximately 240 unprofitable stores by the end of this year, more than half of which are Fashion Bug locations, in an effort to improve its financial position. The company added that it plans to close all 30 of the Catherines Plus Sizes outlet locations over a two-year period, as these stores are generating negative results.

Driven by a 9 percent comparable store sales increase, during the fourth quarter the company cited a 6.8 percent net sales increase, to $575.8 million. Also driving the growth was a 41 percent e-commerce sales increase.

The company also reported an improvement in its adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization), which was $10.7 million compared to a negative adjusted EBITDA of $12.9 million during last year’s fourth quarter.

“The improvement in our fourth quarter results was driven by a more targeted holiday fashion assortment, an improved in-stock inventory position in our intimate apparel and core bottoms program and a more aggressive promotional and advertising program that in previous holiday seasons,” said Anthony Romano, the newly-appointed president and C.E.O of Charming Shoppes.

By division, net sales at Lane Bryant, Fashion Bug and Catherines rose 12 percent, 1 percent and 6 percent, respectively. Comparable store sales were up 11 percent at Lane Bryant, 10 percent at Fashion Bug and 2 percent at Catherines.

Charming Shoppes ended the fourth quarter with 2,064 stores in 48 states under the Lane Bryant, Cacique, Lane Bryant Outlet, Fashion Bug, Fashion Bug Plus and Catherines Plus Sizes names.

more Financial and General Interest News >>

Published 03-28-2011 by Amanda Torres Price

Related Articles

Charming Shoppes Plans 240 Closures
Charming Shoppes Names Romano C.E.O
Cacique Goes Sexy w/Plunge Bra
Controversial Cacique Ad Wins AME
MacDowell Heads Fash. Bug
Charming Shoppes 1Q Sales -6.2%
Charming Shoppes 4q Sales -14.7%

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow