The major women clothing company, Chico’s FAS Inc reported a 20% per share rise in its net income in the three month ended May accounting compared with the similar period last year. Chico’s management is elated over the surge in net income which is now $34.5 million. A year back it was valued at 8% per share at $14.5 million
Thomas Reuters had set some estimated performance measures for the company which it duly met; in fact the performance was more than expected for the Chico’s FAS. The overall revenue of the company increased by 17 % and is currently $481.6 million. Previously it was $410. 6 million and the increase in revenue beat the Wall Street forecast which was $473.6 million. This shows that company is indeed performing really well. The recovery in the economy and the increase in consumer spending is producing optimistic results.
The store measured the revenue performance for those stores which were at least a year old. This was to avoid any over estimation or irregular trend in the increase of the revenue as it has been observed that newer stores have higher revenues. It was found that the revenue for the stores that had been in operation for more than a year had increased by a good 14.9% . Direct to Consumer sales also increased by at least 31% which is a good sign of performance growth for the company.
What is astonishing is that after declaring positive results, the shares of Chico tumbled y 8.5%.
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Previous Post:Greenwich Ave gets a Baby CZ Store
Wednesday, May 26, 2010
Wednesday, May 19, 2010
Greenwich Ave gets a Baby CZ Store
Designer Carolina Zapf opened yet another store of her designed baby apparels named Baby CZ in Greewich recently. After opening a store in New York in August this is her second store.
Zapf’s new store is opened at 360 Greenwich Ave., in a 1,000-square-foot space which was most recently occupied by See, a Michigan-based eyewear store. The designer said she is very particular about the store location she chooses for her stores. The Greenwich store is a high customer traffic generating zone as it is located near to high end clothing brand Richards and the Apple store. She was helped by real estate officer Fritz Kemerling in her location hunt and feels the decision was wise. Getting the ideal spot for the store was not easy; Zapf started looking out for her store space in January and finally managed to get the one in Greenwich in March.
The CZ collection at Greenwich is well stocked up with cashmere and mercerized cotton sweaters with Swarovski crystals which have pearl buttons and crochet trims.
Zapf says mothers today want their kids to look trendy and stylish, they might not understand what looks good on them and which colour suits them but their moms are doing a good job. Every lady wants her child to stand out in the crowd. Her collection caters to the upscale clients and she knows they like to pamper their kids with stylish and comfortable clothes.
The store promises wide range of clothes for children below the age of 12 and also a special line for women. So mothers can now shop for themselves while they pick up garments for their kids.
Make purchases only with free promotional codes and enjoy maximum discounts and promotional offers. Browse through the large array of promotional codes offered without any charges or costs ensuring you make most of the discounts and offers all the time.
Zapf’s new store is opened at 360 Greenwich Ave., in a 1,000-square-foot space which was most recently occupied by See, a Michigan-based eyewear store. The designer said she is very particular about the store location she chooses for her stores. The Greenwich store is a high customer traffic generating zone as it is located near to high end clothing brand Richards and the Apple store. She was helped by real estate officer Fritz Kemerling in her location hunt and feels the decision was wise. Getting the ideal spot for the store was not easy; Zapf started looking out for her store space in January and finally managed to get the one in Greenwich in March.
The CZ collection at Greenwich is well stocked up with cashmere and mercerized cotton sweaters with Swarovski crystals which have pearl buttons and crochet trims.
Zapf says mothers today want their kids to look trendy and stylish, they might not understand what looks good on them and which colour suits them but their moms are doing a good job. Every lady wants her child to stand out in the crowd. Her collection caters to the upscale clients and she knows they like to pamper their kids with stylish and comfortable clothes.
The store promises wide range of clothes for children below the age of 12 and also a special line for women. So mothers can now shop for themselves while they pick up garments for their kids.
Make purchases only with free promotional codes and enjoy maximum discounts and promotional offers. Browse through the large array of promotional codes offered without any charges or costs ensuring you make most of the discounts and offers all the time.
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