LOS ANGELES--()--The Law Offices of Todd M. Garber announces that it is investigating potential claims against Body Central Corporation (“Body Central” or the “Company”) (NASDAQ:BODY) concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between November 10, 2011 and June 18, 2012 concerning the Company’s financial performance and prospects. Body Central operates as a specialty retailer of young women’s apparel and accessories in the south, mid-Atlantic and Midwest United States, with specialty apparel stores under the Body Central and Body Shop banners.
“will continue into the third quarter with some impact to gross margin.”
The investigation is related to the Company’s June 18, 2012 announcement of “revised sales and earnings guidance for its second quarter and full year 2012.” According to the Company, the revision was a result of “recent sales trends,” which the Company expects “will continue into the third quarter with some impact to gross margin.” The investigation also concerns allegations that: (1) the Company's “merchandise miss” was not an isolated event, it would take at least several quarters to remedy and would have a material negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; and (3) based on the foregoing, the Company and certain of its executive officers lacked a reasonable basis for their positive statements about the Company or its revenue outlook during the foregoing period.
If you purchased Body Central common stock between November 10, 2011 and June 18, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
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