Thursday, February 23, 2017

Chico’s turns a profit in Q4

Tighter inventory management and reduced promotions are helping to keep Chico’s FAS on the right financial path.
 
For the 13 weeks ended January 28, 2017, Chico’s reported net income of $13.5 million compared to a net loss of $21.1 million for the same period last year. 
 
The company’s same-store sales dropped 2.5% due to reduced transaction count and an increase in average dollar sale. Fourth quarter average unit retail increased primarily due to a reduction in promotional activity.. . . more

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