top shadow
BODY

To receive more info from Soma about a particular product, Click on the photo (photo will enlarge).

TellTale from Chico’s / Soma TellTale from Chico’s / Soma TellTale from Chico’s / Soma TellTale from Chico’s / Soma


Added: Aug 2021
TellTale from Chico’s / Soma

Added: Apr 2019
TellTale from Chico’s / Soma

Added: Apr 2019
TellTale from Chico’s / Soma

Added: Apr 2019
TellTale from Chico’s / Soma

Added: Apr 2019

current news

Soma Reports 22nd Qtr. Of Comp Store Growth


(Filed Under wholesale Lingerie News). Soma Intimates recorded its “22nd consecutive quarter of positive” comparable store sales,” expects to open a net 31 new stores by the end of this year and “19 to 22” in 2015, and is projecting to eventually have open “600 plus” Soma stores. This information came from executives at parent company Chico’s FAS, Inc. as they commented on the firm’s third quarter 2014 financial results.

Chico’s, the retail group which also owns the brands White House|Black Market (WH|BM) and Boston Proper, reported income for the 13 weeks ended November 1, 2014 of $26,463,000 on higher sales of $418,230,000, compared to a loss for the same quarter last year of $28,479,000 on sales of $415,819,000.

As a whole, Chico’s has been expanding the number of its stores, which totaled 1,557 as of November 1st, of which 263 were Soma full price stores and 17 were Soma outlet stores.

Currently Soma is doing considerably better than the rest of the company. In its most recent filing with the SEC, Chico’s noted that the “Soma Intimates brand experienced a mid-single digit comparable sales increase compared to a high-single digit increase in last year’s year-to-date period.” Meanwhile, at the rest of the company, “The Chico’s brand experienced a decrease of slightly less than 1% in comparable sales compared to a mid-single digit decrease in last year’s year-to-date period,” and “The WH|BM brand’s comparable sales decreased 4.0% following a 2.5% increase in last year’s year-to-date period.” At Boston Proper “net sales decreased $4.5 million , during the current year-to-date period as compared to last year, primarily reflecting decreased customer demand.”

In the conference call to discuss the third quarter results, Chico’s CEO Dave Dyer boasted, “Soma continues to strengthen its position as the bra destination for women 35 and over.” He continued, “The recently launched Love Soma Rewards loyalty program is delivering on the key goal of increasing shopping frequency. Our customers have been redeeming their earn rewards at an impressive rate. Soma continues to see strength in the sleepwear and loungewear categories which bodes well as we enter the holiday gift giving period. Additionally I would like to highlight two recent boutique openings one at Tysons Corner in Virginia, the other at Downtown Summerlin in Las Vegas. Early reads in both locations have been very positive indicating that Soma is very much at home in these A-malls. As you have heard there are many exciting things going at Soma as the brand continues to build on its positive momentum.”

The complete conference call transcript can be found here: http://seekingalpha.com/article/2710905-chicos-fas-chs-ceo-dave-dyer-on-q3-2014-results-earnings-call-transcript


more wholesale Lingerie News >>

Published 12-05-2014 by Nick Monjo

Related Articles

Soma Sales Were Flat For Q3, Nine Months
Soma Sales Rose 2.1% In Second Quarter
Soma Claims To Be Reversing Its Decline
Soma Q4 And Full Year 2022 Sales Down A Bit
Soma Sales Dip 8% As Loungewear Slips
Soma First Quarter Sales Rise to $107.4 Million
Soma Sales Rose To $478.1 Million In 2021
Soma Q3 Sales Up Sharply Over ‘20, ‘19
Second Quarter Sales At Soma Jump 52.5%
Group Urges Changes At Soma Parent Company


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 © 2023 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2024 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow