Charming Shoppes Inc. said Wednesday that it offset weakening sales with better merchandise margins and posted a lower-than-expected fourth-quarter loss.
In the three months ended Jan. 31, the nation’s largest operator of plus-size apparel stores recorded a net loss of $108.5 million, or 94 cents a diluted share, compared with a net loss of $124.4 million, or $1.07 a share, in the year-ago quarter. Excluding discontinued operations and aftertax charges of $69.5 million related to restructuring and goodwill and store impairment assessments, the loss came to 34 cents a share, 4 cents lower than consensus estimates.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)