June 4, 2010, 10:50 AM

The web leads the way for Charming Shoppes

E-commerce sales were brisk, but total sales fell in the first quarter.

Lead Photo

E-commerce sales were brisk, but total sales fell in the first quarter for women’s apparel retailer Charming Shoppes Inc.

 For the first quarter ended May 1, Charming Shoppes, No. 128 in the Internet Retailer Top 500 Guide, posted:

  • An increase in web sales of 35.6% to $31.6 million from $23.3 million in the prior year.
  • Total sales decreased 6.2% to $504.8 million from $538.1 million in the first quarter of 2009.
  • Comparable-store sales declined 2%.
  • Catalog sales declined 34.5% to $12.7 million from $19.4 million in the first quarter of 2009.
  • Net income was $3.9 million compared with a net loss of $6.6 million in the prior year.

 “Our capital base and liquidity profile remain solid,” says CEO Jim Fogarty. “During the quarter, we began to make progress in our efforts to stabilize and begin to grow our business.”

 Internet Retailer calculates the Internet accounted for 6.3% of total sales compared with 4.3% in the first quarter of 2009.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Kevon Hills / E-Commerce

Back To School offers a testing ground for the holidays

Shoppers heading back to school aren't so unlike shoppers that will be looking for gifts ...

FPO

Jock Purtle / E-Commerce

What is your e-commerce business worth?

The founder of a merger and acquisitions consulting firm examines how e-retailers can know the ...

Advertisement