top shadow
BODY



































Trade Readers:
I am a STORE BUYER or OWNER
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a CONSUMER
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand












current news

Chico’s Acquires Boston Proper, Posts 2q Profit


(Filed Under Financial and General Interest News). Chico’s FAS, Inc. announced the acquisition of Boston Proper Inc., a women’s apparel and accessories e-commerce company, for $205 million.

"Boston Proper’s brand focus is highly complementary to our existing brands’ customer experience," stated David Dyer, president and chief executive officer of Chico’s. The Florida-based e-tailer’s current C.E.O., Sheryl Clark, will stay on as president and report to Dyer as the company transitions to a stand-alone division of Chico’s FAS Inc. Chico’s is hoping to strengthen its online presence with the acquisition.

The deal is expected to close within 45 days and should add to Chico’s earnings in the first full year of operations.

Profits for Chico’s in the second quarter ended July 30 came to $43.4 million, or 25 cents a share, up 42.5 percent from $30.5 million, or 17 cents a share, in the year-ago period.

Net sales reached $551.4 million, up from $465.4 million one year ago. Comparable store sales jumped up 12.8 percent, lead by an 11.9 percent increase in Chico’s Soma Intimates stores.

Chico's FAS, Inc. operates 1,221 specialty stores, including 150 Soma Intimates boutiques and 16 outlet stores, across the United States and several U.S. territories.


more Financial and General Interest News >>

Published 08-18-2011 by Katherine Rautenberg

Related Articles

Soma Launches Bra Donation Campaign
Chico’s Acquires Boston Proper, Posts 2q Profit
Chico’s 1q Net Sales Up 11.5%
Chico’s FAS Names Kleeberger C.O.O


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow
*