Soma news and archive

Chico’s lowers fourth quarter sales and earnings outlook

Ahead of the company’s participation in the ICR Conference, Chico’s FAS said that it now expects total fourth quarter net sales to range from 505 million dollars to 515 million dollars and diluted loss per share to range from 2 cents to 0 cents. During the third quarter results announcement, the company forecasted fourth quarter consolidated net...

Business

Chico’s posts rise in Q3 net sales and earnings

For the third quarter, Chico’s reported net income of 24.6 million dollars or 20 cents per diluted share compared to 18.2 million dollars or 15 cents per diluted share, for last year's third quarter. Net sales for the quarter were 518.3 million dollars, up 14.3 percent improvement primarily reflecting a comparable sales increase of 16.5 percent,...

BusinessFeatured

Chico’s reports Q4 net income of 10.7 million dollars

Chico's FAS, Inc. fourth quarter net income was 10.7 million dollars or 9 cents per diluted share compared to a net loss of 79.1 million dollars or 68 cents per diluted share, for the same period last year. For fiscal 2021, the company reported net income of 46.2 million dollars or 37 cents per diluted share compared to a net loss of 360.1...

Fashion Featured

Soma launches Bodify smart bra based on three years of consumer research

Lingerie brand Soma surveyed 1,500 women over the course of 3 years to create what it believes is the smartest bra on the market, the Bodify, launching today. During an exclusive 2-day pop-up event in NYC, FashionUnited spoke to Holly Wilson, Vice President of Design at Soma Intimates, about common bra-shopping challenges, or “brablems” as the...

People

Chico’s appoints Patrick Guido as chief financial officer

Chico’s FAS, Inc. has announced that Patrick J. Guido has been appointed chief financial officer of the company, effective September 20, 2021. Guido, the company said in a statement, will report directly to Molly Langenstein, chief executive officer and president of Chico’s FAS. The company added that Guido has more than 20 years of finance and...

Business

Chico’s Q1 net loss contracts, sales up 38.4 percent

For the first quarter, Chico’s FAS Inc., reported a net loss of 8.9 million dollars or 8 cents loss per diluted share compared to a net loss of 178.3 million dollars or 1.55 dollars loss per diluted share, for last year’s first quarter. Net sales for the quarter were 388 million dollars, 38.4 percent increase. “Our first quarter results...

Fashion

Soma launches new loungewear collection and brand refresh

Soma, an intimate apparel brand, has launched a new loungewear collection, Soma WKND, and a brand refresh that embraces beauty, strength and creativity. The collection is made with sustainable eco-yarn that consist of soft recycled yarns made from plastic bottles. The clothing is made up of multiple fabrications that are soft and lightweight. It...

PeopleFeatured

Molly Langenstein promoted to CEO role at Chico's

Chico’s FAS has announced the promotion of Molly Langenstein to CEO and President of the company, effective June 24, 2020. The company said in a statement that Langenstein is a 30-year retail fashion veteran with a proven track record of success in revitalizing sales and profitability will also become member of the board of directors. Since...

Business

Chico's announces CFO departure, raises Q4 outlook following positive holiday season

Chico’s FAS, Inc. has announced the resignation of executive vice president and chief financial officer Todd E. Vogensen, effective January 17, 2020, to accept a CFO position with another company. The company added that Jennifer Ellis, Senior Vice President, Finance, has been appointed Interim Chief Financial Officer, effective February 3, 2020....

Business

Chico’s reports Q3 loss, comparable sales down 2.2 percent

Chico’s FAS, Inc. has said that net sales for the third quarter were 484.7 million dollars, a decrease of 3 percent, which reflects a comparable sales decline of 2.2 percent as well as the impact of 58 net store closures since last year’s third quarter. Net loss for the period was 8.1 million dollars or 7 cents per diluted share, compared to net...