CCS Sale Leads To Profit For Delia’s

adamsullivan

• December 02 2008
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After selling off CCS to Foot Locker in early November, retail giant Delia’s reported a third-quarter net profit of $3.5 million. The previous year’s 3q net profit was $12,000.

A recent Women’s Wear Daily article quotes CEO Robert Bernard: “We believe that this positive momentum is largely attributable to our improved merchandise assortment and our careful edit of the Delia’s brand.”

Delia’s received $103.2 million cash in the CCS sale.