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Charmin Shoppes reports Feb.

From: ASAP

Comments

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 March 2, 2002 increased 64% percent to $175,100,000 from $106,700,000 for the comparable four weeks ended March 3, 2001. The current period's total sales include sales from Lane Bryant, which was acquired August 16, 2001. Comparable store sales for Charming Shoppes, Inc., on a consolidated basis, decreased 1% for the four weeks ended March 2, 2002. Comparable store sales by chain for the four weeks ended March 2, 2002 were as follows:

Lane Bryant Stores 4% Fashion Bug Stores (3)% Catherines Stores Corporation (9)% Total Corporation (1)%

For more detailed information on monthly sales, please call 1-866-CHRS-NEWS (1-866-247-7639) to listen to Charming Shoppes, Inc.'s prerecorded monthly sales commentary. This recording will be available until March 11, 2002. Charming Shoppes, Inc. will host its Fourth Quarter and Full Year Fiscal 2002 earnings conference call on Tuesday, March 12, 2002, at 9:15 a.m. (EST). Fourth quarter and full year earnings results will be released over the newswires prior to 9:15 a.m. (EST). To listen to the conference call, please dial 888-689-9348 followed by the passcode 2594# approximately 10 minutes prior to the scheduled event. The conference call will also be simulcast at www.companyboardroom.com and can be accessed by going to the ticker symbol (CHRS) and clicking on the speaker icon in the "listen" column. The general public is invited to listen to the conference call via the webcast or the dial-in telephone number. A transcript of prepared remarks and an audio replay of the conference call will be accessible at www.charmingshoppes.com starting at approximately 2:00 p.m. (EST) on Tuesday, March 12, 2002. An audio replay of this call will also be accessible at www.companyboardroom.com by going to the ticker symbol (CHRS) and clicking on the speaker icon in the "listen" column. The replay will remain available for approximately 1 week. The conference call will be recorded on behalf of Charming Shoppes, Inc. and consists of copyrighted material. It may not be re-recorded, reproduced, transmitted or rebroadcast, in whole or in part, without the Company's express written permission. Accessing this call or the rebroadcast represents consent to these terms and conditions. Participation in this call serves as consent to having any comments or statements made appear on any transcript, broadcast or rebroadcast of this call.

Charming Shoppes, Inc., operates 2,440 stores in 48 states under the names LANE BRYANT(R), FASHION BUG(R), FASHION BUG PLUS(R), CATHERINE'S PLUS SIZES(R), THE ANSWER(R), ADDED DIMENSIONS(R), MONSOON(R) and ACCESSORIZE(R). Monsoon and Accessorize are registered trademarks of Monsoon Accessorize Ltd. During the four weeks ended March 2, 2002, the Company opened 4, relocated 4, and closed 10 stores. Please visit www.charmingshoppes.com for additional information about Charming Shoppes, Inc.

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