(Catalog Age)–Chico’s FAS continues to roll.
Net sales for the second quarter ended Aug. 3 increased 39.8% to a record $125.1 million, from $89.5 million compared with last year. Net income rose 48% to $16.4 million, compared with net income of $11.1 million last year.
Net catalog and Internet sales increased 54%, to $7.1 million, compared with $4.6 million in sales last year. Comparable store sales for the company-owned stores increased 12% compared with last year.
“The second quarter again saw improvements in the gross and operating margins and, at the same time, we continued our significant investments in the future as we made major strides in our warehouse move to Atlanta,” CEO Marvin Gralnick, said in a statement. “
Next year, Chico
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