Charming Shoppes pursues rent reductions

Bensalem, Pa. In its quest to further slash operating costs and rebuild revenue, Charming Shoppes is focused on getting rent reductions from existing landlords, GlobeSt.com reported.

A disappointing first fiscal quarter has the chain focused on improving sales, but it still has stores that are not meeting financial goals.

Charming Shoppes is trying to create a cost-effective partnership with these locations’ landlords in hopes that by lowering rent levels, “and partner with us to keep that store open and help make us profitable," James Fogerty, president and CEO, said during the retailer's first quarter conference call Wednesday, according to the report.