Tuesday, May 22, 2012
Chico's Q1 beats on robust sales
Women's apparel retailer Chico's FAS Inc reported better-than-expected quarterly results, boosted by strong sales at all its brands and the opening of new stores. Photo: Chico'sSame-store sales grew 9.6 percent in the first quarter, while square footage increased 8 percent. Shares of the company, which owns brands like White House/Black Market, Soma Intimates and Boston Proper in addition to its namesake chain, rose about 8 percent to $15.77 before markets opened on Wednesday. They had closed
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