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San Diego's Charlotte Russe Holding, chain retailer of value fashion for younger women, reported today (Jan. 17) that its first quarter sales rose almost 14 percent, and its same-store sales, or sales in stores open at least a year, rose 1.5 percent. That's quite good, because most retailers are deep in the doldrums. The company said it would earn 55 or 56 cents a share in the quarter, up from a previous forecast of 47 cents to 50 cents. On a day in which stocks got hammered (the Dow Jones Industrial Average was down more than 300 points), Charlotte Russe stock rose 21 cents to $14.56.
San Diego's Charlotte Russe Holding, chain retailer of value fashion for younger women, reported today (Jan. 17) that its first quarter sales rose almost 14 percent, and its same-store sales, or sales in stores open at least a year, rose 1.5 percent. That's quite good, because most retailers are deep in the doldrums. The company said it would earn 55 or 56 cents a share in the quarter, up from a previous forecast of 47 cents to 50 cents. On a day in which stocks got hammered (the Dow Jones Industrial Average was down more than 300 points), Charlotte Russe stock rose 21 cents to $14.56.