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Charming Shoppes Inc

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BUSINESS
July 11, 2001 | Bloomberg News
Charming Shoppes Inc., operator of Fashion Bug and Catherine's Plus Sizes clothing stores, agreed to acquire Limited Inc.'s Lane Bryant plus-size chain for $335 million in cash and stock. After the purchase, Charming Shoppes will have more than $2.5 billion in annual sales, with about 70% coming from plus-size clothing. Charming Shoppes plans to run Lane Bryant as a stand-alone company, a spokeswoman said. The company doesn't plan to close any stores or fire workers.
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BUSINESS
July 11, 2001 | Bloomberg News
Charming Shoppes Inc., operator of Fashion Bug and Catherine's Plus Sizes clothing stores, agreed to acquire Limited Inc.'s Lane Bryant plus-size chain for $335 million in cash and stock. After the purchase, Charming Shoppes will have more than $2.5 billion in annual sales, with about 70% coming from plus-size clothing. Charming Shoppes plans to run Lane Bryant as a stand-alone company, a spokeswoman said. The company doesn't plan to close any stores or fire workers.
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BUSINESS
March 11, 1988 | From Associated Press
K mart Corp. reported Thursday that its fourth-quarter earnings rose nearly 13% while Dayton Hudson Corp. said its income fell from a year earlier, when it had a one-time gain from the sale of one of its divisions. K mart, the nation's second-largest retailer, said it earned $321.2 million in the quarter ended Jan. 27, compared to $285 million in the same period a year earlier. Sales for the quarter totaled $7.75 billion, up from $7.23 billion in the year-earlier quarter.
BUSINESS
March 11, 1988 | From Associated Press
K mart Corp. reported Thursday that its fourth-quarter earnings rose nearly 13% while Dayton Hudson Corp. said its income fell from a year earlier, when it had a one-time gain from the sale of one of its divisions. K mart, the nation's second-largest retailer, said it earned $321.2 million in the quarter ended Jan. 27, compared to $285 million in the same period a year earlier. Sales for the quarter totaled $7.75 billion, up from $7.23 billion in the year-earlier quarter.
BUSINESS
January 29, 2002 | Bloomberg News
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.
BUSINESS
July 10, 2008 | From Times Wire Services
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.
BUSINESS
May 2, 2012 | By Shan Li
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.
BUSINESS
May 3, 2012 | By Shan Li, Los Angeles Times
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.
BUSINESS
September 20, 1996 | From Dow Jones News Service
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.
BUSINESS
December 20, 1995 | GREG JOHNSON, TIMES STAFF WRITER
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.
BUSINESS
October 9, 2007 | From Reuters
Little girls, as the saying goes, are sugar and spice and everything nice. Now, more and more, they're plus-size too. As apparel makers heed the call of increasingly heftier Americans, they're beginning to look to the youngest as well, launching clothing lines for larger girls. Retail experts say the trend is growing, and more stores are now showing an interest in catering to these harder-to-shop-for girls.
BUSINESS
January 6, 1995 | From Times Wire Services
The verdict on 1994 Christmas shopping: Retailers of jewelry, electronics and items for the home prospered, but many apparel stores had a season to forget. Many of the women's clothing merchants that did manage to attract sales were forced to make steep markdowns to get the business. Industry analysts assessing the store owners' December figures said fourth-quarter profits for some companies could suffer.
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