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Chico's FAS Inc declares solid sales trend

27 Sep '05

2 min read

Women's clothier Chico's FAS Inc announced solid sales trends despite the impact of hurricanes during the month. Same store sales for the month of September are currently in the mid double digit percent range, with the Chico's brand same store sales in the high single to low double digit percent range and the White House | Black Market brand in the mid fifty percent range.

The Company sustained limited damage to its stores from Hurricanes Katrina and Rita. Six stores remain closed in the New Orleans area, while numerous others are running at reduced sales levels as the areas continue to recover. The Company operates 13 stores in Louisiana and 27 along the Gulf Coast of Texas.

Scott A. Edmonds, President and CEO, said, "Company is pleased to see that same store and overall sales levels have remained solid during this period as they respond to the effects of the hurricanes. Fall line has been well received and they have seen better than expected gross margins early in the season. Hearts go out to the people in New Orleans and along the Gulf Coast. To that end, associates have contributed over $100,000 to help associates in the Chico's, White House | Black Market, and Soma family, as well as the American Red Cross. The Company will also match the associate contributions as part of a long-standing commitment to our corporate social responsibility.”

Chico is a specialty retailer of private label, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The Company operates 723 women's specialty stores, including stores in 47 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market and Soma by Chico's names.

The Company owns 481 Chico's front-line stores, 28 Chico's outlet stores, 185 White House | Black Market front-line stores, 6 White House | Black Market outlet stores and 10 Soma by Chico's stores; franchisees own and operate 13 Chico's stores.

Chico's FAS Inc

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