FINANCE

American Eagle Outfitters to Launch Kids Concept

BY CSA STAFF

Pittsburgh American Eagle Outfitters said Thursday that it will launch a new children’s apparel retail store called 77kids.

The retailer said the line will include clothing and accessories for children ages 2 to 10. The brand will launch online at www.77kids.com later this year, with U.S. stores planned for 2009.

American Eagle also said it expects 2008 earnings to grow 15%, in line with its long-term target.

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Kmart Pharmacy lowers flu shot price

BY CSA STAFF

HOFFMAN ESTATES, Ill. Kmart is lowering the price on flu shots at its pharmacies, the company announced Tuesday.

Customers can now receive a flu shot for just $10 at most Kmart Pharmacies while supplies last. The price in California, Hawaii, Louisiana, Minnesota, Montana, Pennsylvania, Rhode Island, Tennessee, Wisconsin, and Wyoming may be slightly higher due to state regulations.

“People need to remember that flu season is in full swing, and it can strike at any time, so we are lowering prices to encourage more people to do what they can to protect themselves,” said Mark Doerr, RPh, vp of Kmart Pharmacy. “While the flu season has not been as severe as some recent years, the latest CDC updates report that flu activity is on the rise.”

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Crescendo seeks Charming Shoppes representation

BY CSA STAFF

BENSALEM, Pa. Charming Shoppes Tuesday confirmed that it has received notice that Crescendo Partners II L.P., Series Q, intends to nominate three individuals, including two hedge fund representatives, for election to Charming Shoppes’ board of directors at the company’s 2008 annual meeting of shareholders.

In a statement issued Tuesday, Charming Shoppes board of directors and management team said that they have begun discussions with Crescendo partners and will continue doing so as long as they are constructive. The company added that it will not be distracted by the threat of a proxy contest from a dissident shareholder group.

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