January 29, 2002 |
Charming Shoppes Inc., which operates Fashion Bug and Lane Bryant women's clothing stores, is closing 130 Fashion Bug stores and the Added Dimensions/Answer chain and its 77 stores to lower costs. Costs for the closings will be $23 million, or 21 cents a share, in the fiscal fourth-quarter ending Thursday, the Bensalem, Pa.-based company said. Charming Shoppes, the No. 3 U.S. specialty apparel retailer, said the actions will help it save $12 million a year before taxes.
July 10, 2008 |
Charming Shoppes Inc., owner of the Lane Bryant clothing chain, said Chief Executive Dorrit J. Bern resigned and that board Chairman Alan Rosskamm would be interim chief. The shares rose as much as 18%. The Bensalem, Pa., company, which lost half its value in the last year, posted three straight quarterly sales declines through May 3, and analysts predict another drop for the current quarter, according to a Bloomberg survey. Charming Shoppes also owns clothing chain Fashion Bug. Apparel sellers have been struggling as consumers facing gasoline over $4 a gallon and higher food costs cut back on spending.
May 2, 2012 |
The Ascena Retail Group is venturing into the plus-size female market by acquiring Charming Shoppes Inc., parent company of Lane Bryant, for about $890 million. The purchase will allow Ascena, owner of Dressbarn and teen clothier Justice, to jump into the growing market for bigger-sized women's apparel. Charming also owns the Catherines Plus Size and Fashion Bug brands. The Suffern, N.Y.-based Ascena will buy Charming for $7.35 a share, a 25% premium on Tuesday's closing price.
May 3, 2012 |
Ascena Retail Group Inc. is venturing into the plus-size women's clothing market by acquiring Charming Shoppes Inc., parent company of Lane Bryant, for about $890 million. The purchase will allow Ascena, the Suffern, N.Y., company that owns Dressbarn and teen clothier Justice, to jump into the growing market for bigger-size women's apparel. Charming also owns the Catherines Plus Sizes and Fashion Bug brands. Ascena will buy Charming for $7.35 a share, a 25% premium over Tuesday's closing price.
September 20, 1996 |
The $100-billion California Public Employees' Retirement System Board is developing "model U.S. corporate board" governance standards to evaluate and grade the nation's 300 largest companies. The plan is part of CalPERS' corporate governance program for 1997, which was approved by the board of the nation's largest public pension fund earlier this week and announced late Wednesday night.
December 20, 1995 |
The store-closing signs that promised 70% off women's apparel at the Fashion Bug store in the Garden Grove Promenade drew Margie Erickson in for a look around. But Erickson ended her quick visit by doing what shoppers increasingly have been doing at junior women's apparel stores: She walked out without making a purchase. "It's a nice store and everything, but they just don't have anything for me," said Erickson, 57, a longtime Garden Grove resident.