Charming Shoppes Q1 net income decreases

Charming Shoppes, Inc., an apparel retailer, has reported that net income for the first quarter ended April 28, 2012 was $17.77 million, or $0.15 per share, compared to $26.04 million, or $0.22 per share, for the first quarter ended April 30, 2011. Net sales for the first quarter ended April 28, 2012 were $481.26 million, compared to $504.35 million for the first quarter ended April 30, 2011. Anthony Romano, president and CEO of Charming Shoppes, Inc. said, "We are pleased to have delivered our sixth consecutive quarter of improved year over year Adjusted EBITDA results, with an increase of