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Avenue Stores LLC was a specialty retailer in the United States offering plus-size clothing to women who wear larger-size clothing. The company serves a target audience of women aged between 25 and 55 years of age, wearing apparel of size 14 or larger, and also sells shoes and accessories. [2]
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Moreover, management's goal is to obtain a 5% market share of the US on-line market for women's apparel sales during fiscal year 2000" in its year end earnings release. [4] The company also opened a new call center and distribution center in Parkersburg, WV to keep up with growth during the year. [1] In 2001 Georgia Shonk-Simmons took over as CEO.
Charming Shoppes was founded in 1940, it went public in 1971, [3] and was ranked 927th on the 2012 Fortune 1000. [4] On May 2, 2012, Ascena Retail Group, the parent company of Dressbarn, announced that it would acquire Charming Shoppes with a $900 million transaction through a combination of cash in hand and $325 million of borrowings from credit facilities.
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