Charming Shoppes Inc. reported net income of $32.6 million for the second quarter, off 17% from $39.4 million during the same period last year.
The Bensalem, PA company attributed this drop to higher selling costs and promotional expenses.
The direct marketer and retailer posted net sales of $763.4 million for the quarter ended July 29, an 11% increase over last year.
The company reported direct marketing sales of $92.3 million for the quarter.
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