BENSALEM, Pa., Feb. 5 /PRNewswire-FirstCall/ -- Charming Shoppes, Inc., (Nasdaq: CHRS - News), a leading multi-brand, multi-channel specialty apparel retailer specializing in women's plus-size apparel, today announced further initiatives and actions being taken as a result of the Company's ongoing business review and in response to the continuing weak retail and economic environment in which the Company is currently operating. These actions are being taken in order to streamline business operations, reduce SG&A and capital expenditures, improve cash flow, and enhance shareholder value, and include:
-- The closing of the Petite Sophisticate full-line retail concept.
I'll have a reaction to this later this week.
