Chico’s FAS, Inc. Provides Business Update

Martechcube29 Apr, 2020Business

Chico�s FAS, Inc., a leading omnichannel specialty retailer for women that operates Chico�s�, White House Black Market�, Soma� and TellTale�, today provided a business update and boutique reopening plan from the Company�s Chief Executive Officer and President; recent 2020 preliminary sales information; and details on liquidity and cash utilization martech news. Statement from Bonnie Brooks, Chief Executive Officer and President The Chico�s FAS Community � our customers, our associates and our shareholders � are at the center of every decision we make as a company, and during this period of temporary closure of our boutiques, that mindset has not wavered. We continue with our commitment to doing the right thing in our business. As previously announced on April 1, we made the difficult decision to place the majority of our associates on furlough with continued benefits and to temporarily reduce the pay or hours of the majority of our remaining associates, including the entire executiv