Chico’s FAS Inc. on Tuesday said the Chico’s brand’s first international stores will be opened in Mexico in the spring.
A store at Perisur mall in Mexico City will be opened through a franchise agreement with El Puerto de Liverpool, S.A.B. de C.V. A second freestanding unit will open in Villahermosa.
In addition, Liverpool plans to roll out six shops-in-shop at Liverpool department stores during the first half of the year.
Chico’s was founded in 1983 as a boutique selling Mexican folk art and cotton sweaters in Sanibel Island, Fla. The company celebrated its 30th anniversary last year. Today, Chico’s is known for color, big and bold patterns and animal prints. Its exclusively designed private branded clothing for women includes the new elevated Black Label collection, 9 to 5abulous for working women and Zynergy activewear.
The store design of the new boutiques will be based on a new prototype. The more sophisticated concept has warm tones and subtle animal prints, woven entry doors, luggage details on fixtures and layers of artifacts used as props.
“Mexico is a great first foray into the international arena for the Chico’s brand,” said Bill Bine, Chico’s vice president of international operations. “It represents an important part of the overall global expansion of Chico’s FAS.”
Chico’s international expansion comes against the backdrop of disappointing financial results in the first nine months of last year. For the period ended Nov. 2, Chico’s FAS reported net income of $66.2 million, compared with last year’s $148.7 million, a 55.5 percent drop. Excluding an impairment charge of $64.3 million in the most recent quarter and other charges, net income for the nine months would have been $131.1 million, a 12.3 percent decline from $149.5 million last year.
Chico’s has 700 boutiques today. Murray said about 800 domestic stores is the ceiling. “It’s natural to go international,” Murray said.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)