Company news

28th Jun 2021

American women's clothing and accessories retailer Chico's FAS has appointed Nancy Johnson as SVP, GMM merchandising and design for Chico's brand and Dimple Rao as VP, product management. Johnson will be responsible for the product, design and overall strategy for Chico's, while Rao will oversee architecting and designing end-to-end customer experience.

10th Jun 2021

Chico's FAS, a US-based omnichannel specialty retailer of women's private branded, casual-to-dressy clothing, reported 38.4 per cent sales growth to $387.9 million in its first quarter (Q1) FY21 ended on May 1, 2021, compared to $280.2 million in the corresponding quarter of previous fiscal. The company’s net loss reduced to $8.9 million ($178.3...

7th Apr 2021

Chico's FAS, a US-based omnichannel specialty retailer of women's private branded, casual-to-dressy clothing, reported 26.7 per cent sales decline to $386.2 million in its fourth quarter (Q4) FY20 ended on January 30, 2021 compared to $527.1 million in the same period prior fiscal. The company incurred a net loss of $79.1 million (Q4 FY19: $4.3...

1st Dec 2020

Chico's FAS, an omnichannel specialty retailer of women's private branded, casual-to-dressy clothing, posted 27.5 per cent sales decline to $351.4 million in its third quarter (Q3) for FY20 ended on October 31, 2020 compared to sales of $484.7 million in same period last year. Company incurred a net loss of $55.8 million (Q3 FY19: $8.1 million).

5th Nov 2020

Chico's FAS has announced closing its amended and extended $300-million senior secured credit facility, consisting of a $285-million asset-based revolving credit agreement (revolver) and a $15-million 'first-in last-out' (FILO) term loan, with Wells Fargo & Company as the lead lender. The revolver and FILO have a five-year term maturing on October 30,...

31st Oct 2020

Chico's FAS, an omni-channel specialty retailer for women that was recently named 'Best Online Company' by Newsweek, is accelerating its digital transformation and enhancing its position as a customer-first company. The company is innovating the customer experience to drive greater digital sales across its Chico’s, White House Black Market, and Soma...

27th Aug 2020

Chico's FAS, an omnichannel specialty retailer of women's private branded, casual-to-dressy clothing, reported 39.8 per cent sales decline to $306.2 million in its second quarter (Q2) for fiscal 2020 ended on August 1, 2020 compared to sales of $508.3 million in same period last year. Company incurred a net loss of $46.8 million (Q2 FY19: $2.3 million).

24th Aug 2020

Chico's FAS' intimate apparel brand Soma recently announced a brand makeover that embraces beauty, strength and creativity from the inside out. It evolved its logo and marketing campaign with a new tagline, 'It Starts Within'. The new campaign showcases an example of empowerment and modern femininity, says Kimberly Grabel, senior vice president,...

4th Aug 2020

Chico's FAS Canada, a subsidiary of US women's clothing and accessories retailer Chico's FAS, last week filed for bankruptcy in Ontario, saying it plans to permanently close all 10 of its stores in the country- four Chico's and six White House Black Market locations, all of which have been closed since mid-March to prevent the spread of the coronavirus.

11th Jun 2020

Chico's FAS, an omnichannel specialty retailer of women's private branded, casual-to-dressy clothing, reported 45.9 per cent sales decline to $280.3 million in first quarter (Q1) FY20 ended on May 2, 2020 compared to $517.7 million in same period prior year. Company reported a net loss of $178.3 million compared to net income to $2.0 million in Q1 FY19.