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Charming Shoppes Reports January 2003 Sales

From: ASAP

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Charming Shoppes, Inc., (NASDAQ:CHRS) , the retail apparel chain specializing in women's plus-size apparel, today reported that total sales for the four weeks ended February 1, 2003 decreased 6% to $125,300,000 from $133,700,000 for the four weeks ended February 2, 2002. Comparable store sales for Charming Shoppes, Inc. decreased 1% for the four weeks ended February 1, 2003.

During the fifty-two weeks ended February 1, 2003, the Company opened 60, relocated 33, converted 41 and closed 253 stores.

Sales for the fifty-two weeks ended February 1, 2003 increased 20% percent to $2,382,500,000 from $1,978,500,000 for the comparable period ended February 2, 2002. The current period's total sales include sales from Lane Bryant, which was acquired August 16, 2001. Comparable store sales for Charming Shoppes, Inc. decreased 2% for the fifty-two weeks ended February 1, 2003.

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