Article: United States : Charming Shoppes, Inc. Announces Completion of Sale of Private Label Credit Card Program to Alliance Data; Announces Appointment of Global Sourcing Executives.

Byline: datta03

Charming Shoppes, Inc. (Nasdaq: CHRS), a leading multi-brand apparel retailer specializing in women's plus apparel today announced the completion of the sale of Charming Shoppes' (the "Company") credit card receivables programs to Alliance Data Systems Corporation ("Alliance Data"). As previously announced, Charming Shoppes and Alliance Data have also entered into a ten-year operating agreement for the servicing of Charming Shoppes' private label credit card receivables program. Additionally, the Company announced today that it has strengthened its global sourcing team through the addition of four brand sourcing executives.

Charming ...

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