Another one: Chico’s closing 250 stores

Posted on January 11, 2019 7:01 pm

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According to this report Chico’s will be closing 250 stores. The parent company of Chico’s, a women’s clothing chain with stores across the U.S., said it will close 250 locations over the next three years. Chico’s FAS operates Chico’s, White House Black Market and Soma. It currently has about 1,400 stores in the U.S. and Canada. The closures, the company said in a press release, will provide the “speed needed for long-term success in a competitive retail environment” and more efforts towards online sales. “Our focus is on implementing those initiatives that drive the greatest levels of growth and…