Chico’s FAS, an apparel and accessories marketer and retailer, generated third quarter net income of $53.2 million, up from $37.1 million a year ago.
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Chico’s FAS, an apparel and accessories marketer and retailer, generated third quarter net income of $53.2 million, up from $37.1 million a year ago. The Fort Myers, FL-based firm’s sales jumped from $269.8 million to $358.7 million, partly due to an aggressive new-store campaign. The quarter ended Oct. 29.
Despite opening several new retail outlets, catalog and Internet sales in the third quarter held their own as part of the channel mix, making up 2.5% of total sales, at $9.5 million, compared with 2.6%, or just under $7 million, a year ago.
