June 3 - 6, 2024
While many apparel companies have been struggling with slowdowns in consumer spending, Chico's and its competitors, including Talbots and Coldwater Creek, have been particularly hard-hit. Last month, it announced its fourth-quarter sales fell to $373.4 million, and posted a $40.5 million loss. Amid reductions in its marketing spending, same-store sales tumbled 13% for the quarter. --Sarah Mahoney
Don't just look at the pitch - look at what you're selling... looks just aren't what I expect any more...