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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

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Charming Shoppes Reports 2q Loss


(Filed Under Financial and General Interest News). Charming Shoppes, Inc., a company operating women’s apparel, intimate apparel and plus-size retail chains, reported second-quarter consolidated net sales of $499.2 million, down 3.5 percent compared with $517.6 million for the comparable period in 2010.

Gross profit came to $245.9 million, down from $249.1 million in the second quarter of 2010, the result of operating fewer stores compared to the year-ago period. Gross margin rose from 48.1 percent to 49.3 percent.

The company cited a 17 percent jump in e-commerce sales, led by a 20 percent increase at lanebryant.com and a 23 percent increase at catherines.com — however, the surge in e-commerce revenue only amounted to $36 million.

Bensalem, Penn.-based Charming Shoppes currently operates 1,953 retail stores in 48 states under the names Lane Bryant, Lane Bryant Outlet, Cacique, Fashion Bug, Fashion Bug Plus and Catherines Plus Sizes.


more Financial and General Interest News >>

Published 10-10-2011 by Katherine Rautenberg

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