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Charming Shoppes narrows Q3 loss
Bensalem, Pa. -- Charming Shoppes reported a smaller loss for its third fiscal quarter on Wednesday, helped by lower operating expenses and competitive promotions that attracted customers. The chain posted a net loss of $18.8 million for the period ended Oct. 30, compared with a loss of $48.4 million, in the prior-year period.
Revenue increased 1% to $463.6 million from $460.2 million, with online sales up 40%. Same-store sales rose 3%.
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Lowe’s says it is reaching out to customers with service efforts
Mooresville, N.C. Lowe's CEO Robert Niblock hammered on the concepts of customer service and value during the company's 2010 Analyst & Investor Conference yesterday in Mooresville.
"At the core of our mission is the belief that we can grow by focusing on opportunities we have with existing customers," said Niblock, who added that the company must adapt to continue to be successful.