BENSALEM, Pa., March 9, 2011 /PRNewswire via COMTEX/ --
Charming Shoppes, Inc. (Nasdaq: CHRS), a leading multi-brand specialty apparel retailer specializing in women's plus-size apparel, will host its fourth quarter fiscal 2010 sales and earnings conference call on Thursday, March 24, 2011, at 9:15 a.m. eastern time. Fourth quarter results will be released over the newswires and will be available on Form 8-K prior to 9:15 a.m. eastern time. The Company's fourth quarter earnings release, report on Form 8-K and annual report on Form 10-K for the year ended January 29, 2011 will be available at http://www.charmingshoppes.com/investors/index.asp.
Anthony M. Romano, Executive Vice President and Chief Operating Officer, and Eric M. Specter, Executive Vice President and Chief Financial Officer of Charming Shoppes, Inc. will comment on the Company's fourth quarter results. Prepared remarks will be followed by a question and answer period.
To listen to the conference call, please dial 877-407-8293 approximately 10 minutes prior to the scheduled event. The conference call will also be simulcast and rebroadcast at http://phx.corporate-ir.net/phoenix.zhtml?c=106124&p=irol-audioArchives. The general public is invited to listen to the conference call via the webcast or the dial-in telephone number.
A transcript of prepared remarks for the conference call will be accessible at http://phx.corporate-ir.net/phoenix.zhtml?c=106124&p=irol-audioArchives following the conference call on Thursday, March 24, 2011.
The conference call will be recorded on behalf of Charming Shoppes, Inc. and consists of copyrighted material. It may not be re-recorded, reproduced, transmitted or rebroadcast, in whole or in part, without the Company's express written permission. Accessing this call or the rebroadcast constitutes consent to these terms and conditions. Participation in this call serves as consent to having any comments or statements made appear on any transcript, broadcast or rebroadcast of this call.
At January 29, 2011, Charming Shoppes, Inc. operated 2,064 retail stores in 48 states under the names LANE BRYANT(R), CACIQUE(R), LANE BRYANT OUTLET(R), FASHION BUG(R), FASHION BUG PLUS(R), and CATHERINES PLUS SIZES(R). The company also operates the Figi's family of brands, including the holiday food and gifts catalog Figi's(R) Gifts in Good Taste(R), the home and gifts catalog Figi's(R) Gallery and its wholesale unit Figi's Business Services. For more information about Charming Shoppes and its brands, please visit www.charmingshoppes.com, www.lanebryant.com, www.cacique.com, www.fashionbug.com, www.catherines.com, www.loop18.com, www.figis.com, and www.figisgallery.com.
The Company's conference call may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company's operations, performance, executive management changes, and financial condition. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those indicated. Such risks and uncertainties may include, but are not limited to: the failure to successfully execute our in-stock inventory strategy which could result in higher than planned levels of promotional activity in order to sell through excess inventory, our inability to hire a suitable permanent Chief Executive Officer within a reasonable time which could have a material adverse impact on our business, the failure to realize the benefits from the sale of our credit card program to, and the operation of our credit card program by, our third-party provider, and the impact of changes in laws and regulations governing credit cards which could limit the availability of, or increase the cost of, credit to our customers, the failure to implement the Company's business plan for increased profitability and growth in the Company's retail stores segment, including store-related e-commerce, and direct-to-consumer segment, the failure to enhance the Company's merchandise and marketing and to accurately predict fashion trends, customer preferences and other fashion-related factors, the failure of growth in the women's plus apparel market, the failure to continue receiving financing at an affordable cost through the availability of credit we receive from our bankers, suppliers and their agents, the failure to effectively implement our planned store closing plans, the failure to continue receiving accurate and compliant e-commerce and third-party processing services, the failure to achieve improvement in the Company's competitive position, the failure to maintain efficient and uninterrupted order-taking and fulfillment in our e-commerce and direct-to-consumer businesses, extreme or unseasonable weather conditions, economic downturns, escalation of energy and transportation costs, adverse changes in the costs or availability of fabrics and raw materials, a weakness in overall consumer demand, the failure to find suitable store locations, increases in wage rates, the ability to hire and train associates, trade and security restrictions and political or financial instability in countries where goods are manufactured, the failure of our vendors to deliver quality and timely shipments in compliance with applicable laws and regulations, the interruption of merchandise flow from the Company's centralized distribution facilities and third-party distribution providers, inadequate systems capacity, inability to protect trademarks or other intellectual property, competitive pressures, and the adverse effects of natural disasters, war, acts of terrorism or threats of either, or other armed conflict, on the United States and international economies. These, and other risks and uncertainties, are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other Company filings with the Securities and Exchange Commission. Charming Shoppes assumes no duty to update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
SOURCE Charming Shoppes, Inc.