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Bensalem, Pa.-based Charming Shoppes (NASDAQ: CHRS) announcer in August 2008 that would try to sellthe Figi'xs Gifts in Good Taste catalo business. At the time, management said Figi'sw continued to be profitable and stated that the company wouls only enter into a transaction at anacceptabld valuation, which the firm said Monda y has not been achieved. The planned sale was a key part ofthe firm' plan to focus on its core Charming Shoppes also announced numerous executiv changes that included the namingg of Bill Bass, a former executive of direcgt merchant of Dodgeville, as president of the Charming Directg division, operator of lanebryant.com, fashionbug.com and catherines.com.
Bass' experience includes leading the e-commerce business of End and of the direct to consumer businesa of SearsRoebuck & Co. followint Sears' acquisition of Lands' End. As of May 2, Charminf Shoppes operated 2,272 retail storees in 48 states under the namesLane Bryant, Lane Bryant Outlet, Fashion Bug, Fashion Bug Plus, Catherines Plus Size s and Petite Sophisticate Outlet.
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