NEW YORK — As Charlotte Russe Holding Inc. posted a second quarter operating loss of $19.7 million, the specialty retailer said it was “evaluating strategic alternatives” for its troubled Rampage brand.
Sales for the second quarter rose 34.7 percent to $171.1 million. The company said it would be increasing the Charlotte Russe store count by 35 to 40 units this year. Strategic alternatives for Rampage, which has 66 stores, could include a sale of the chain.
Mark Hoffman, chief executive officer, remarked: “Our core brand, Charlotte Russe, performed very well during the recently completed quarter, and we are pleased with how well our merchandise assortments have been accepted by our targeted customers.”
Regarding Rampage, Hoffman said, “The Rampage chain continued to struggle with its brand repositioning during the recent quarter. This chain of 66 stores represents about 16 percent of our store count; however, its contribution to overall revenues during the second quarter declined to about 10 percent.”
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