Chico's news and archive

Focusing on omni-channel strategy, Chico’s to close 250 stores in the US

Chico's FAS, Inc. has announced strategic initiatives to build on the company's omni-channel platform, which include rebalancing the mix between its physical store presence with its digital network and to close at least 250 stores in the US over a three-year period. The company has also updated its outlook for the fourth quarter and now...

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Chico's Q3 revenues drop 6.1 percent

American women's clothing retailer Chico's said on Wednesday its Q3 revenue for 2018 dropped by 6.1 percent. Net income slid to 6.5 million US Dollars from the same period last year. The company’s sales in Q3 2018 were 499.9 million US dollars, down from 532.3 million US dollars a year earlier. The profit margin of the company declined to 1.3...

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Chico’s declares quarterly cash dividend

Board of directors of Chico's FAS, Inc. has declared a quarterly cash dividend of 0.085 dollar per share, a 3 percent increase over the dividend rate from December 2017, payable on December 21, 2018 to shareholders of record at the close of business on December 10, 2018. As of August 4, 2018, the company, through its brands – Chico's, White...

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Chico's Q2 revenues fall 5.9 percent

American women's clothing retailer Chico's said on Wednesday its Q2 revenue for 2018 declined by 5.9 percent, while net income declined by 26 percent from the same period last year. For the 26 weeks period, Chico's reported net income of 45.8 million dollars or 0.36 dollar per diluted share compared to 56.3 million dollars or 0.44 dollar per...

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Chico’s announces quarterly cash dividend

Chico's FAS, Inc’s board of directors has declared a quarterly cash dividend of 0.085 dollar per share of its common stock, a 3 percent increase over the dividend rate from September 2017. The company said, this dividend is payable on October 1, 2018 to Chico's of record at the close of business on September 17, 2018. For the first quarter, the...

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Chico’s reports 3.8 percent drop in Q1 net sales

Chico's FAS, Inc. for the thirteen weeks ended May 5, 2018 reported net income of 29 million dollars or 0.23 dollar per diluted share, compared to 33.6 million dollars or 0.26 dollar per diluted share, for the last year's first quarter. For the first quarter, net sales were 561.8 million dollars compared to 583.7 million dollars in last year's...

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Chico's to now sell brand merchandise on Amazon

Chico's FAS has announced that the brand’s apparel and accessories will soon be made available on Amazon.com. "We are thrilled to be collaborating with Amazon on this new initiative," said Shelley Broader, CEO and President of Chico's FAS in a media statement, adding, "Chico's FAS will be one of the few vertically-integrated specialty retailers...

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Chico’s declares 3 percent rise in quarterly cash dividend

Chico's board of directors has declared a quarterly cash dividend of 0.085 dollar per share of its common stock, a 3 percent increase over the dividend rate from June 2017. The company said, dividend is payable on July 2, 2018 to Chico's FAS shareholders of record at the close of business on June 18, 2018. As of February 3, 2018, Chico’s FAS,...

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Chico's posts net income of 101 mn dollars for FY17

For the fourteen weeks ended February 3, 2018, Chico’s FAS Inc. reported net income of 28 million dollars or 0.22 dollar per diluted share compared to 13.5 million dollars or 0.10 dollar per diluted share, for the thirteen weeks ended January 28, 2017. For the fifty-three weeks, the company reported net income of 101 million dollars or 0.79...

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Chico's expects to report improved Q4 comparable sales

Based on results to date, Chico’s anticipates fourth quarter total comparable sales in the negative 5 percent to negative 7 percent range, an improvement on its previous outlook of negative high single-digits. As previously announced, the company said, approximately 30 million dollars in sales from the 53rd week of fiscal 2017 are not included...

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David Pastrana named President, White House Black Market

Chico's has appointed David Pastrana as President of its White House Black Market brand, effective January 10, 2018. In this role, the company said, Pastrana will oversee all business activities for White House Black Market and will report directly to Shelley Broader, President and CEO of Chico's FAS. Pastrana will succeed Donna Colaco who is...

Retail

Chico's launches outlet website

Fort Myers-based Chico's has launched chicosofftherack.com, a new e-commerce outlet site, featuring the bold patterns and colors Chico's is known foor. The new site gives customers 24/7 access to the same exclusive styles available at Chico's Outlet locations, and provides a digital storefront for customers of Chico's Outlet brand. "Our...