NEW YORK — Improvements at Lane Bryant, the most prominent of Charming Shoppes’ trio of businesses, along with cost controls ignited the plus-sized specialty retailer’s bottom line in the fourth quarter.
Profits for the retailer, based in Bensalem, Pa., more than doubled to $10.1 million, or 9 cents a diluted share, which scorched past Wall Street’s forecast by 6 cents, according to First Call. Results represented a 161.6 percent increase over year-ago profits of $3.9 million, or 3 cents. Last year’s results include a pre-tax restructuring credit of $3.5 million, or 2 cents.
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)