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

Soma Comparable Sales Up .2% In Latest Quarter


(Filed Under wholesale Lingerie News). Soma comparable sales rose .2% in the 13 weeks ended April 29, 2017, “which is meaningful since Soma has comped positively for all but one quarter since the second quarter of 2009,” declared Shelley Broader, president and CEO of parent company, Chico’s FAS.

Total net sales at Soma for the quarter were $80 million compared to $79 million in the same quarter last year. Soma’s sales represented about 13.8% of Chico’s total of about $584 million in sales in the latest quarter.

Meanwhile, comparable sales for all of Chico’s combined (which also has divisions offering women’s apparel) declined 8.7%. Net income rose to $33.6 million on lower sales of $583.7 million, compared to income of $31.1 million on higher sales of $643.0 million in the same quarter in 2016.

In the conference call with analysts to discuss the financial results, Broader said of her Soma division, “The updated Vanishing Back Bra which was launched in March brought new momentum to the business. The updated bra not only smoothes the back but now also smoothes the side. What could be better? The previous version of the bra had been a brand’s top selling bra since its original launch in 2010.”

“The updated Vanishing Back Bra,” she continued, “was Soma’s most successful launch in history, with the highest marked sales volume and average sales per store ever for the brand. The launch also brought new customers, increased traffic, and improved sales of other foundations. Overall, bras, panties and dresses were the strongest categories at Soma. However loungewear, sleepwear and swim were weaker as the brand continues to refine its brands positioning and grow its customer base. Looking ahead to summer, Soma’ next launch will be a new trend-right bra that features softer support and a more natural style.”

Speaking during the conference call, Todd Vogensen, Chico’s EVP and CFO, added, “We continue to see positive comp sales with Soma with only one negative quarter and it was pretty modestly negative in the last many years. Soma continues to gain traction, particularly in the broad category which as you know is critically important to driving brand loyalty. Their new customers are up. We’re seeing that, we are.”

During the fiscal year ended January 30, Soma opened eight new “frontline boutiques” and closed two, raising the total to 275. It also opened one “Soma outlet,” raising the total to 19. — NM

The full conference call transcript can be found here: https://seekingalpha.com/article/4076212-chicos-fas-chs-ceo-shelley-broader-q1-2017-results-earnings-call-transcript


more wholesale Lingerie News >>

Published 05-30-2017 by Nick Monjo

Related Articles

Soma Comps Fall For Second Quarter In Row
Soma Q2 Sales Comps -1.8%, Reversing Trend
Soma Comparable Sales Up .2% In Latest Quarter
Soma Intimates Comp Sales Rise Yet Again
Soma Store Comps Up 0.4% In Third Quarter
Soma: Sales Rise, More Stores To Open Soon
Investor Urges Soma To Open 300 More Stores
Soma Comparable Store Quarterly Sales Up 0.5%
Soma Sales Up 3.1%; Planning 15 New Stores
Soma Q3 Sales Down 0.9%, Reversing A Trend


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 © 2000-2017 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow
*