Chico's Net Sales Rise 36.2%
Net income for the Fort Myers, FL-based apparel and accessories retailer was $8.9 million, up 13.8 percent from $7.8 million for the prior-year period.
Comparable-store sales for company-owned stores rose 7 percent for the quarter compared with last year.
Net sales by catalog and Internet during the 13-week period ended Oct. 28, 2000, totaled $729,902, and have since skyrocketed to $2,676,732 for the comparable period ended Nov. 3.
According to reports, Chico's issued two catalogs in November compared with one last year and the retailer also had television ads this year, all of which contributed to the sales increase, Mercedes Sanchez, an analyst with Raymond James, said.