Home / Knowledge / News / Fashion / Charming Shoppes sees weak Q2
Charming Shoppes sees weak Q2
22
May '08
Charming Shoppes Inc reported sales and operating results for the first quarter ended May 3, 2008. The Company also provided its initial earnings outlook for the second fiscal quarter ending August 2, 2008.

Thirteen Weeks Ended May 3, 2008:
For the thirteen weeks ended May 3, 2008, the Company reported income from continuing operations of $0.7 million, or $0.01 per diluted share. This compares to income from continuing operations of $26.5 million, or $0.20 per diluted share for the thirteen weeks ended May 5, 2007.

The Company's income from continuing operations for the first quarter ended May 3, 2008 includes after-tax charges of $2.2 million, or $0.02 per diluted share, related to previously announced consolidation and streamlining initiatives, and $2.4 million, or $0.02 per diluted share, for advisory and legal fees arising out of the proxy contest which was settled on May 8, 2008.

The Company's first quarter results for the current and prior year periods exclude the income statement impact of the non-core misses apparel catalog titles within the Company's Direct-to-Consumer segment, which have been classified as a "discontinued operation".

This is related to the Company's April 25, 2008 announcement that it is exploring a broad range of operating and strategic alternatives, which is expected to result in the sale of its non-core misses apparel catalog titles.

Net sales from continuing operations for the thirteen weeks ended May 3, 2008 decreased 8% to $641.3 million, compared to net sales from continuing operations of $696.6 million for the thirteen weeks ended May 5, 2007.


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

February 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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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