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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"