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Charming Shoppes Reports Q4 Loss
Wednesday, March 18, 2009 8:20 AM


Pennsylvania-based multi-brand apparel retailer Charming Shoppes has reported loss from continuing operations of $108.5 million, or $0.94 per diluted share for the fourth quarter of fiscal 2009 compared to loss from continuing operations of $44.9 million, or $0.39 per diluted share for the same period of fiscal 2008.

Net sales from continuing operations for the fourth quarter of fiscal 2009 decreased 14% to $631.9 million.

For the year fiscal 2009, the company posted loss from continuing operations of $169.3 million, or $1.48 per diluted share compared to loss from continuing operations of $0.7 million, or $0.01 per diluted share for the year fiscal 2008.

Net sales from continuing operations for the year fiscal 2009 decreased 9% to $2.475 billion.

The company said that its $50 million Series 1999-2 Credit Card Securitization facility has been renewed through March 30, 2010. Combined with other existing conduit facilities, the company's total funding capacity through conduits is $155 million through 2010.


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