By  on January 9, 2013

David F. Dyer, president and chief executive officer of Chico’s FAS Inc., knows a thing or two about turnarounds. He can orchestrate them, and knows what brings so many retailers and brands to the point of requiring them.

“The problems of Chico’s were very much the same with several of the other apparel companies I had worked with,” he said. “First, they lost focus on the customer. Second, they let expenses get ahead of the business. Those are the two common denominators I have seen at almost every place I’ve been.”

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