Thursday, November 29, 2018

Chico’s president out as sales plunge

Chain Store Age
The president of Chico’s is departing after a tough third quarter in which same-store sales fell 10.2%.

Total same-store sales fell 6.8%, driven by declines in transaction count and average dollar sales. By brand, same-store sales fell 10.2% at Chico’s and 5.1% at White House | Black Market. Same-store sales rose 2.4% at Soma, Chico’s intimate apparel division.. . . more