NEW YORK — Chico’s FAS and Deb Shops, two specialty retail concepts aimed at different generations, both managed double-digit increases in second-quarter profits.
Chico’s, whose casual clothes for mature women have led it to pacesetting comparable-store sales gains in the past several years, reported a 47.8 percent increase in net income to $16.4 million, or 19 cents a diluted share, for the three months ended Aug. 3, matching Wall Street’s consensus estimates. Last year, the Fort Myers, Fla-based retailer posted net income of $11.1 million, or 13 cents. Net sales for the quarter increased 39.8 percent to $125.1 million from $89.5 million in last year’s quarter, while same-store sales extended 11.6 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)