×
93 573
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Manager - Asset Protection - Los Cerritos
Permanent · Cerritos
NORDSTROM
Asset Protection - Agent - Phipps Plaza
Permanent · Atlanta
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Retail Stock & Fulfillment - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
General Manager- Bazille- Stanford Shopping Center
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Tustin Marketplace Rack
Permanent · Tustin
NORDSTROM
Asset Protection - Agent - Howe Bout Arden Rack
Permanent · Sacramento
NORDSTROM
Asset Protection Agent - Mercado Rack, Naples, fl
Permanent · Naples
NORDSTROM
Asset Protection - Agent - Alamo Quarry Rack
Permanent · San Antonio
NORDSTROM
Retail Stock - Marketplace at Braintree Rack
Permanent · Braintree
NORDSTROM
Asset Protection - Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Inventory Integrity & Quality Manager - Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Security Ambassador - Roosevelt Field
Permanent · Garden City
NORDSTROM
Asset Protection -Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Asset Protection - Security Ambassador - Newbury Rack
Permanent · Boston
NORDSTROM
Asset Protection Agent - Aventura
Permanent · Aventura
NORDSTROM
Asset Protection- Agent-The Sono Collection
Permanent · Norwalk
NORDSTROM
Asset Protection - Agent - Laguna Niguel Rack
Permanent · Laguna Niguel
NORDSTROM
Retail Stock & Fulfillment - Los Cerritos Center
Permanent · Cerritos
NORDSTROM
Retail Stock & Fulfillment - International Plaza
Permanent · Tampa
NORDSTROM
Asset Protection - Agent - Glendale Fashion Center Rack
Permanent · Glendale
By
Reuters
Published
Aug 25, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Charming Shoppes to sell non-core assets

By
Reuters
Published
Aug 25, 2008

Aug 25 (Reuters) - Specialty retailer Charming Shoppes Inc said it will sell its non-core misses apparel catalogs and the related portion of credit card receivables for $75 million in cash, and that it also plans to sell another business as it tries to focus on its core brands.


www.CharmingShoppes.com

The company said it would sell Crosstown Traders, which includes Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, Brownstone Studio, Intimate Appeal, Monterey Bay Clothing Co and Coward Shoe, to Orchard Brands, a portfolio company of Golden Gate Capital, for $35 million.

Charming, which focuses on women's plus-size specialty apparel, said Crosstown Traders is expected to remain headquartered in Tucson, Arizona, and the deal is expected to close by the end of September.

Charming also said it agreed to sell the misses apparel catalog credit card receivables to Alliance Data Systems Corp for about $40 million, in a deal expected to close prior to fiscal year ending Jan. 31, 2009.

These receivables are directly related to the catalog titles being sold to Orchard Brands, it added.

The company, whose core brands include Lane Bryant, Catherines and Fashion Bug, said it will also initiate a process to explore the sale of its Wisconsin-based Figi's Gifts in Good Taste catalog business.

Shares of Charming Shoppes closed at $5.58 Monday on Nasdaq. (Reporting by Divya Nair in Bangalore; Editing by Deepak Kannan)

© Thomson Reuters 2022 All rights reserved.