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125
Fashion Jobs
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Supervisor / Assistant Sales Supervisor (Fmcg)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Visual Merchandising Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Sales Manager (Printing/Paper Packaging)
Permanent · TIJUANA
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Contract Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Apparel And Sports Goods (Station in Shanghai, Prc)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Garment Technician - Lingerie
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Sales Manager/ Sales Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Quality Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Omnichannel Strategy & Innovation, Digital Shared Services
Permanent · Hong Kong
SHISEIDO
Officer - HR Operations, Human Resources
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive
Permanent · CLEARWATER
TRIUMPH
Brand Merchandising Manager
Permanent · KOWLOON BAY
BESTEAM PERSONNEL CONSULTANCY LTD.
Marketing Executive / Marketing Supervisor / Assistant Marketing Manager
Permanent · CLEARWATER
By
Reuters
Published
Aug 27, 2008
Reading time
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Charming Shoppes Q2 results beat Street

By
Reuters
Published
Aug 27, 2008

Aug 27 (Reuters) - Women's plus-size apparel retailer Charming Shoppes Inc posted second-quarter results that beat market estimates, helped by leaner inventories and lower expenses.

The company, which has seen customer visits to its stores fall in the wake of rising fuel prices and the U.S. economic downturn, has cut jobs and closed stores and is shedding its non-core brands to combat challenging retail trends.

Charming Shoppes, whose Chief Executive Dorrit Bern resigned in July, reported a net loss of $8.3 million, or 7 cents a share, for the period ended Aug. 2, compared with a profit of $18.3 million, or 14 cents a share, a year earlier.

The retailer posted a profit of 2 cents a share, excluding the severance charge related to Bern's exit but including consolidation charges, while analysts on average expected the company to break even on a per-share basis, according to Reuters Estimates.

Net sales at the company, whose core brands include Lane Bryant, Catherines and Fashion Bug, fell 7 percent to $648.6 million. Analysts on average estimated revenue of $628.2 million.

The company, which competes with Dress Barn Inc and larger retailer TJX Companies Inc , said same-store sales fell 10 percent during the period.

Selling, general and administrative expenses fell 6 percent to $165.0 million.

For the third quarter, the company forecast a loss of 11 cents to 9 cents a share from continuing operations. Analysts expect a loss of 1 cent a share.

The company expects third-quarter net sales of $560 million to $570 million, while analysts expect revenue of $563.8 million.

The retailer sees weak traffic trends continuing in the quarter, with a high single-digit percentage decrease in same-store sales.

For the fourth quarter, Charming Shoppes expects to narrow its loss of 19 cents a share from continuing operations a year earlier.

The company said on Monday it agreed to sell its non-core misses apparel catalogs, collectively known as Crosstown Traders, to Orchard Brands, a portfolio company of Golden Gate Capital, for $35 million. It also agreed to sell related credit card receivables to Alliance Data Systems Corp for about $40 million.

In addition, the retailer said it would initiate a process to explore the sale of its Wisconsin-based Figi's Gifts in Good Taste catalog business.

Shares of the Bensalem, Pennsylvania-based company closed at $5.62 Tuesday on Nasdaq. (Reporting by Anne Pallivathuckal in Bangalore; Editing by Pratish Narayanan)

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