| Business Summary | | Charming
Shoppes
Inc.,
formed
in
1969,
operates
through
its
subsidiary
corporations,
1,754
women's
specialty
retail
apparel
stores
in
48
states
under
the
names
Fashion
Bug,
Fashion
Bug
Plus,
Catherine's
Plus
Sizes,
The
Answer
and
Added
Dimensions.
The
Company's
1,230
Fashion
Bug
and
Fashion
Bug
Plus
stores
specialize
in
selling
plus-size,
misses
and
junior
sportswear,
dresses,
coats,
lingerie,
accessories,
and
casual
footwear.
The
Catherine's
Plus
Sizes
offers
woman's
sizes
16
and
larger
in
the
moderate
price
range.
The
Answer
and
Added
Dimensions
stores
cater
to
an
ethnically
diverse,
plus-size
woman,
over
35
years
of
age.
In
October
2000,
Charming
Shoppes,
Inc.
and
Monsoon
plc
of
London
signed
a
joint
venture
agreement
for
the
purpose
of
bringing
the
apparel
and
accessories
concepts
of
Monsoon
and
Accessorize
stores
from
the
United
Kingdom
to
the
United
States.
The
Company
plans
to
open
10
Monsoon
and/or
Accessorize
stores
during
the
fiscal
year
ending
February
2,
2002. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Charming
Shoppes,
Inc.
operates
a
chain
of
specialty
stores
throughout
the
U.S.
which
merchandises
moderately
priced
junior,
misses,
large-size
and
girls-size
sportswear,
dresses,
coats,
lingerie,
accessories
and
footwear.
For
the
13
weeks
ended
5/5/01,
revenues
rose
4%
to
$397.3
million.
Net
income
before
accounting
change
rose
1%
to
$8.4
million.
Results
reflect
an
increase
in
the
number
of
stores
operated,
partially
offset
by
a
reduction
in
merchandise
margins. Recent Earnings Announcement For
the
13
weeks
ended
08/04/2001,
revenues
were
404,322;
after
tax
earnings
were
14,860. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Dorrit Bern, 51 Chairman,
Director, Pres and CEO | $1.8M | -- | Eric Specter, 43 CFO,
Exec. VP | 604K | $12K | Colin Stern, 52 Exec.
VP, Sec., Gen. Counsel | -- | -- | Anthony DeSabato, 52 Exec.
VP - HR | 610K | 129K | Erna Zint, 57 Exec.
VP - Sourcing | 825K | -- | Dollar
amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|