Chico's August Sales Rise 42.6%

Share this article:
Chico's FAS Inc., Fort Myers, FL, reported yesterday that sales in the four weeks ended Aug. 30 rose 42.6 percent to $56.3 million from $39.5 million in the prior year's four-week period ended Aug. 31, 2002.


Comparable-store sales for company-owned stores increased 19.4 percent versus last year.


Also, for the 30 weeks ended Aug. 30, total sales increased 35.2 percent to $398.8 million from $295 million in the prior year's 30-week period ended Aug. 31, 2002. Comparable-store sales for company-owned stores rose 12.2 percent for the 30-week period.


Chico's also announced that Scott A. Edmonds, who has served as president and chief operating officer, has been promoted to president/CEO. Marvin J. Gralnick --- who with his wife, Helene B. Gralnick, founded the company and who has served as CEO -- will continue as chairman of the board.


Edmonds has been employed by Chico's since September 1993 when he was hired as operations manager. In February 1994, he became vice president-operations. He was promoted to senior vice president-operations effective Jan. 1, 1996, to chief operating officer in February 2000 and to president in September 2001.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions