BOSTON — Chico’s will launch its second women’s apparel division in the first quarter of 2003 with six to eight stores in the South, Charles Klemen, chief financial officer of the specialty chain, said Tuesday at the CIBC Consumer...
BOSTON — Chico’s will launch its second women’s apparel division in the first quarter of 2003 with six to eight stores in the South, Charles Klemen, chief financial officer of the specialty chain, said Tuesday at the CIBC Consumer Growth conference at the Four Seasons Hotel here.
Likely locations are Atlanta, San Diego, Washington, and Charlotte, Klemen said. A couple of locations in Florida and Texas are also being considered.
The Fort Myers, Fla.-based retailer previously disclosed intentions to launch its second division, which is still unnamed. Internally, the project has been called Lucky Star, but Chico’s has said the stores won’t have that name.
According to Klemen, the division will target a younger and less affluent customer than the 331-store Chico’s chain. It will target women 25 to 40, with a household income of $40,000 to $60,000 and feature outfits about half the price of those at the Chico’s chain.
At the core Chico’s chain, 65 stores will open this year, with the selling space averaging 2,000 square feet. The new stores will be larger than existing ones, which average 1,765 square feet. The chain is also expanding its existing stores where sales are exceeding $1,000 per square foot.
As reported, merchandise for the new division has been tested since the start of fiscal 2001 at Chico’s stores. The niche for the new concept will fit in somewhere between Abercrombie & Fitch and Chico’s, leaning more toward Ann Taylor Loft, while reportedly seeking Banana Republic’s market.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)