form8knov212007.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 Or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) November 21,
2007
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CHARMING
SHOPPES, INC.
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(Exact
name of registrant as specified in its
charter)
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PENNSYLVANIA
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000-07258
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23-1721355
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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450
WINKS LANE, BENSALEM, PA
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19020
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (215)
245-9100
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NOT
APPLICABLE
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(Former
name or former address, if changed since last
report.)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
2.02. Results of Operations and Financial
Condition.
On
November 21, 2007 we issued a press release reporting, among other things,
our
sales and operating results for the third quarter and nine months ended November
3, 2007 and updating our earnings outlook for the fourth quarter and fiscal
year
ending February 2, 2008. The press release is attached as Exhibit
99.1 to this report.
The
press
release contains certain forward-looking statements concerning our operations,
performance, and financial condition. Such forward-looking statements
are subject to various risks and uncertainties that could cause actual results
to differ materially from those indicated. Such risks and
uncertainties may include, but are not limited to: the failure to effectively
implement our plans for consolidation of the Catherines Plus Sizes brand; a
new
organizational structure and enhancements in our merchandise and marketing;
the
failure to generate a positive response to our new Lane Bryant catalog and
the
Lane Bryant credit card program; the failure to implement our business plan
for
increased profitability and growth in our retail stores and direct-to-consumer
segments; the failure to successfully implement our expansion of Cacique through
new store formats; the failure of changes in management to achieve improvement
in our competitive position; the failure to successfully implement our
integration of operations of, and the business plan for, Crosstown Traders,
Inc.; adverse changes in costs vital to catalog operations, such as postage,
paper and acquisition of prospects; declining response rates to catalog
offerings; failure to maintain efficient and uninterrupted order-taking and
fulfillment in our direct-to-consumer business; changes in or miscalculation
of
fashion trends; extreme or unseasonable weather conditions; economic downturns;
escalation of energy costs; a weakness in overall consumer demand; failure
to
find suitable store locations; increases in wage rates; the ability to hire
and
train associates; trade and security restrictions and political or financial
instability in countries where goods are manufactured; the interruption of
merchandise flow from our centralized distribution facilities; competitive
pressures; and the adverse effects of natural disasters, war, acts of terrorism
or threats of either, or other armed conflict, on the United States and
international economies. These, and other risks and uncertainties,
are detailed in our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the fiscal year ended February
3,
2007 and our other filings with the Securities and Exchange
Commission. We assume no duty to update or revise our forward-looking
statements even if experience or future changes make it clear that any projected
results expressed or implied therein will not be realized.
In
accordance with general instruction B.2 to Form 8-K, the information included
in
this Item 2.02, and the exhibit attached hereto, shall be deemed to be
“furnished” and shall not be deemed to be “filed” with the Securities and
Exchange Commission for purposes of Section 18 of the Securities Exchange Act
of
1934, as amended.
Item
9.01. Financial Statements and Exhibits.
Exhibit
No.
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Description
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99.1
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Press
Release dated November 21, 2007.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CHARMING
SHOPPES, INC.
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(Registrant)
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Date:
November 21, 2007
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/S/ERIC
M. SPECTER
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Eric
M. Specter
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Executive
Vice President
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Chief
Financial Officer
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EXHIBIT
INDEX
Exhibit
No.
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Description
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99.1
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Press
Release dated November 21, 2007.
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