Chico's Growth Plans Focus on Other Brands

FORT MYERS, FL-Locally based Chico’s FAS will shift expansion efforts to its White House/Black Market and Soma Intimate brands this year while the namesake brand maintains about 600 stores nationwide. The women’s retailer hosted about 60 industry analysts at its Metro Parkway headquarters Tuesday.

The company operates 1,084 stores among all brands and last week reported its first profitable fourth quarter in two years. It announced net income of $17.5 million, compared with a net loss of $40.5 million for the same quarter a year ago.

“We are going to continue to build on our success,” says David Dyer, Chico’s president and CEO. That focus will not include gains in new front-line Chico’s stores, although the company plans to open 18 to 20 Chico’s outlet stores this year.

To read the full story from the Fort Myers News-Press, click here.