Bob McPhail 6:31 a.m., May 19
Charlotte Russe, Defying Industry Trends, Posts Excellent Sales Gain
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.