Home / Knowledge / News / Apparel/Garments / Charlotte Russe plans to open 60 new stores in fiscal 08
Charlotte Russe plans to open 60 new stores in fiscal 08
24
Apr '08
Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, reported financial results for the second quarter of fiscal 2008 ended March 29, 2008.

For the second quarter ended March 29, 2008:
• Net sales for the second quarter increased 14.9% to $185.1 million from $161.1 million for the second quarter last year. • Comparable store sales increased 2.5% during the quarter.
• Operating income for the second quarter was $4.5 million as compared to $4.2 million for the same quarter last year, an increase of 6.1%.
• Included in the second quarter results is a favorable tax expense adjustment of approximately $0.8 million, or $0.03 per share. The adjustment includes the reversal of a prior year tax accrual and the impact of a lower effective tax rate for the first quarter of fiscal 2008.
• Net income for the second quarter was $4.2 million as compared to $3.8 million for the same quarter last year, an increase of 10.6%. Diluted earnings per share from operations for the second quarter were $0.17 as compared to $0.15 for the same quarter last year.

For the six months ended March 29, 2008:
• Net sales for the first six months of fiscal 2008 increased 14.3% to $423.3 million from $370.3 million for the same period last year. Comparable store sales increased 1.9% for the six month period.
• Operating income for the first six months of fiscal 2008 was $26.6 million as compared to $26.0 million for the same period last year, an increase of 2.3%.
• Net income for the first six months of fiscal 2008 was $18.2 million as compared to $17.7 million for the same period last year, an increase of 2.8%. Diluted earnings per share for the first six months of fiscal 2008 were $0.73 as compared to $0.70 for the same period last year.


Must ReadView All

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

Indian minister urges apparel industry for dumping data

Textiles | On 22nd Jan 2018

Indian minister urges apparel industry for dumping data

Indian textiles minister Smriti Irani recently urged the apparel...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search