Wednesday, November 23, 2016

Chico’s swings to Q3 profit

Things are looking up at Chico’s FAS.
The women’s apparel retailer on Tuesday reported net income of $23.6 million for the third quarter, after reporting a net loss of $11.6 million in the same period a year earlier.
Same-store sales fell 4.9%, on reduced transaction count and lower average dollar sale. Third quarter average unit retail increased with a decline in promotional activity.. . . more

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