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