Chico's shares soar after plan to start reopening stores announced [MarketWatch]
Chico's FAS, Inc. (CHS)
Last chico's fas, inc. earnings: 2/27 07:02 am
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Source: MarketWatch
Shares of Chico's FAS Inc. soared 15.1% in Tuesday premarket trading after women's apparel and accessories retailer announced plans to begin reopening stores on May 4. Chico's portfolio includes the namesake chain, White House Black Market and Soma. The reopening will happen in three phases: first the company will use its stores to fulfill online orders, then buy-online-pickup-in-stores using contactless curbside pickup and, finally, shop by appointment for all of its brands. "We believe we will have some significant advantages in the next several months as the majority of our stores are under 3,500 square feet and are located in easily accessible shopping plazas," said Chief Executive Bonnie Brooks in a statement. "Due to the smaller size of our boutiques, Chico's FAS has the ability to reopen quickly and safely and to follow enhanced safety precautions." Brooks says Chico's has experienced double-digit digital growth over the past six weeks. The growth was driven by certain categori
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