By  on March 20, 2008

Restructuring charges and price promotions drove Charming Shoppes Inc. into the red in the fourth quarter.

The corporate parent of Lane Bryant, Fashion Bug and Catherines Plus Sizes, which is under pressure from activist investors, also forecast a loss of 6 to 8 cents a diluted share in the first quarter, compared with earnings of 20 cents a year ago.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus