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Charming Shoppes, Inc. history
Charming Shoppes, Inc. company history timeline
In 1950 the Sidewaters began a lifelong business relationship with Artie's good friend, David Wachs, and David's brother, Ellis.
By 1960 the four partners were ready to open the first Charming Shoppes store in a large suburban shopping center.
It is based in Bensalem, Pennsylvania. It was launched as a public corporation in 1971.
A general decrease in spending on women's clothing, combined with tighter competition, resulted in a drop in the company's sales of over 18 percent for the first seven months of 1995.
After the dust settled, in February 1996 Bern initiated a major restructuring project.
However, while total sales continued to decline over the course of the year, sales-per-store actually rose five percent in 1996.
In January 1998 Charming Shoppes purchased 28 stores in Texas and Louisiana from Petric Retail, Inc.
In 1999 the company completed two key acquisitions that would help ensure its role as a major player in the women's large size apparel niche.
The company reported record earnings for the second quarter of 2000, and sales for the year were projected to exceed $1.6 billion, an increase of 33 percent over the previous year.
Investors' analysis of the expected future earnings is optimistic and Charming plans to expand to 2000 stores, according to CEO David Wachs.
Lane Bryant, a retailer of specialty plus-size fashion that was obtained by Charming Shoppes in 2001.
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Charming Shoppes, Inc. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Children's Place | 1969 | $1.6B | 2,100 | 484 |
| Nordstrom | 1901 | $15.0B | 74,000 | 813 |
| Ascena Retail Group | 1962 | $3.7B | 53,000 | - |
| Bon-Ton | 1898 | $2.7B | 23,300 | 14 |
| Tailored Brands | 1973 | $2.9B | 19,300 | 804 |
| Rite Aid | 1962 | $24.1B | 50,000 | 9 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,168 |
| Michaels Stores | 1973 | $5.3B | 45,000 | 2,001 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 1,880 |
| Jos. A. Bank | 1905 | $1.0B | 6,340 | - |
Charming Shoppes, Inc. history FAQs
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Charming Shoppes, Inc. may also be known as or be related to Charming Shoppes Inc, Charming Shoppes Inc. and Charming Shoppes, Inc.