By  on May 29, 2014

Chico’s FAS Inc. has reduced the total new store opening count for 2014 to 107 from the planned estimate of between 120 and 130 stores.

The revised plan is a reflection of current business trends, and was disclosed when company executives spoke about first-quarter results in which the retailer missed analysts’ estimates for earnings per share by 2 cents on a 22 percent decline in profits.

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