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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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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...

Business

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....

Business

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...