- A CHARMED AGREEMENT: Charming Shoppes Inc. said on Thursday it reached an agreement to end its proxy battle with activist shareholders Crescendo Partners and Myca Partners. The specialty retailer will nominate the following individuals to its board: two of management's nominees, Dorrit J. Bern, chairman, and Alan Rosskamm, the company's president and chief executive officer; two of the committee's nominees, Arnaud Ajdler and Michael C. Appel, and two retail executives, Richard W. Bennet 3rd, former vice chairman of May Department Stores Co., and Michael Goldstein, former chairman and ceo of Toys 'R' Us Inc. Both the company and committee agreed to vote their shares in favor of these nominees and all of the proposals to be presented at the company's annual meeting.
- TRUE RELIGION UP: Premium denim brand True Religion Apparel Inc. on Thursday reported a 34.7 percent jump in first-quarter income to $6.9 million, or 29 cents a diluted share, from $5.2 million, or 22 cents, in the same year-ago period. Sales for the quarter soared 47.4 percent to $53.4 million from $36.2 million. During the quarter, the company exceeded its expectations for the domestic wholesale business and improved international performance. Management raised full-year earnings guidance in the range of $1.52 to $1.56 a share, compared with previous expectations of $1.48 to $1.52. The updated guidance is a result of an increase in its expected share count and a reduced effective tax rate.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)