By  on February 6, 2008

Charming Shoppes Inc. is the latest retailer to adopt restructuring plans, saying on Tuesday it will close 150 underperforming stores and cut about 200 jobs in an effort to boost profits.

The plus-size women's retailer will also slash its 2009 capital budget to $103 million from $143 million, by reducing new store openings by 50 percent.

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