Chico's news and archive

Chico’s Q1 net loss contracts, sales up 38.4 percent

For the first quarter, Chico’s FAS Inc., reported a net loss of 8.9 million dollars or 8 cents loss per diluted share compared to a net loss of 178.3 million dollars or 1.55 dollars loss per diluted share, for last year’s first quarter. Net sales for the quarter were 388 million dollars, 38.4 percent increase. “Our first quarter results...

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Chico's sales drop 38.9 percent in the second quarter

Chico’s FAS, Inc., for the thirteen weeks reported a net loss of 46.8 million dollars or 40 cents loss per diluted share compared to net loss of 2.3 million or 2 cents loss per diluted share for the same quarter last year. Net sales were 306.2 million dollars, an improvement of 9.2 percent from the first quarter, reflecting the benefit of strong...

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Molly Langenstein promoted to CEO role at Chico's

Chico’s FAS has announced the promotion of Molly Langenstein to CEO and President of the company, effective June 24, 2020. The company said in a statement that Langenstein is a 30-year retail fashion veteran with a proven track record of success in revitalizing sales and profitability will also become member of the board of directors. Since...

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Chico's announces CFO departure, raises Q4 outlook following positive holiday season

Chico’s FAS, Inc. has announced the resignation of executive vice president and chief financial officer Todd E. Vogensen, effective January 17, 2020, to accept a CFO position with another company. The company added that Jennifer Ellis, Senior Vice President, Finance, has been appointed Interim Chief Financial Officer, effective February 3, 2020....

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Chico’s reports Q3 loss, comparable sales down 2.2 percent

Chico’s FAS, Inc. has said that net sales for the third quarter were 484.7 million dollars, a decrease of 3 percent, which reflects a comparable sales decline of 2.2 percent as well as the impact of 58 net store closures since last year’s third quarter. Net loss for the period was 8.1 million dollars or 7 cents per diluted share, compared to net...

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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 reports rise in Q2 earnings and net income

Announcing its financial results for the second quarter, Chico’s reported adjusted net income of 35.5 million dollars compared to net income of 30.1 million dollars for the thirteen weeks ended August 2, 2014. Adjusted earnings per diluted share were 0.25 dollar compared to earnings per diluted share of 0.20 dollar in last year's second quarter....