Charming Shoppes Expects Fiscal 1Q Loss
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BENSALEM, Pa. (AP) — Women's apparel retailer Charming Shoppes Inc. on Wednesday it will likely report a loss in its first quarter due to an expected double-digit decline in same-store sales.
The owner of the Lane Bryant, Fashion Bug and Catherine's chains said it expects to report a loss between 9 cents per share and 13 cents per share including special items — or a loss of between 3 cents per share and 7 cents per share excluding charges and gains — in the period.
Analysts polled by Thomson Reuters anticipate a loss of 6 cents per share for the period. Analyst estimates typically exclude one-time charges and gains. ...
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