Chico's returns its executives to full pay after coronavirus-related cuts [MarketWatch]
Chico's FAS, Inc. (CHS)
Last chico's fas, inc. earnings: 2/27 07:02 am
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Source: MarketWatch
Chico's FAS Inc. said Thursday that it will return its executives to full pay effective July 5 after putting wage cuts in place as a cost-saving measure during the coronavirus pandemic. Executive pay was halved starting April 5. The decision comes as stores begin to reopen and sales start to improve. Other compensation has been restored as well, including the board's annual cash retainers and non-furloughed employees, except for distribution center workers who never experienced a pay cut. Chico's portfolio includes the namesake chain of women's apparel stores, White House Black Market and Soma. Chico's stock has tumbled 67.2% for the year to date while the S&P 500 index is down 5.6% for the period.
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