Chico’s FAS Inc. posted a decline in second-quarter profits.
For the three months ended Aug. 3, the company said net income fell 18.4 percent to $43.6 million, or 27 cents a diluted share, from $53.4 million, or 32 cents, a year ago. Sales inched up 1 percent to $649.5 million from $641.7 million, although comparable-store sales fell 2.6 percent. By operation, sales at Chico’s/Soma Intimates were essentially flat at $414.7 million versus $414.6 million a year ago. White House|Black Market saw a 5 percent gain to $205.1 million, while Boston Proper posted a 9 percent decline to $29.7 million.
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)