Tuesday, November 21, 2017

Rough quarter for Chico’s

Women’s specialty apparel retailer Chico’s FAS reported declines in sales and profit for its third quarter as hurricanes took a toll on earnings.

The company reported net income of $16.7 million, down from net income of $23.6 million in the year-ago period. Results for the third quarter include the unfavorable impact of hurricanes Harvey, Irma and Maria. Chico’s said the hurricanes resulted in reduced operating hours or the temporary closure of more than 300 stores, as well as a decline in direct-to-customer sales.. . . .more

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