Tuesday, June 11, 2019

Chico’s Q1 profit, sales fall but beat Street; cuts outlook

Chain Store Age
Chico’s FAS’ earnings, revenue and same-store sales declined in the first quarter as the struggling apparel retailer works to get itself back on track under new leadership.

In March, Chico’s appointed a new leader, Karen McKibbin, as president of its namesake brand and said it would close 60 to 80 stores in 2019 following a disappointing fourth quarter. . . . more

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