Charlotte Russe chief executive retires

By Associated Press
July 21, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

Women's apparel retailer Charlotte Russe Inc. on Monday said its Chief Executive Mark Hoffman will retire, effective immediately.

Hoffman, 59, had been CEO since 2003. He will be replaced on an interim basis by Leonard Mogil, 62, a board member and former group executive vice president at apparel maker Phillips-Van Heusen Corp.

The company is seeking a permanent successor.

Separately, the company said fiscal third-quarter profit was 31 cents per share, on the low end of its previous guidance of 31 cents to 34 cents per share. Analysts polled by Thomson Financial predicted a profit of 32 cents per share.

Sales rose 7 percent to $193.2 million. Analysts expected revenue of $198.8 million.

The company will report full third-quarter results on Wednesday.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 688616, ~/articles/articlehandler.aspx, 1/8/2009 2:10:43 AM

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.