Back to top

Analyst Blog

Moving ahead with its plan of expanding global footprint, Chico’s FAS Inc. (CHS - Snapshot Report) is set to introduce its namesake brand in Mexico City through a franchise deal with El Puerto de Liverpool, S.A.B. de C. V. (Liverpool).

Moreover, the company expects to open its first stand-alone namesake boutique at Perisur Mall within Liverpool department stores in spring this year. This will be followed by a second boutique in Villaharmosa, Tabasco. Furthermore, Liverpool will open six additional Chico’s boutiques within its department stores by the first half of 2014.

Founded in 1983, Chico’s brand began operating as a boutique and was engaged in selling Mexican folk and cotton sweaters. Currently, the brand exclusively designs private label clothing catering to women aged 30 years and above. As of Nov 2, 2013, Chico’s FAS operates 617 namesake boutiques and 108 outlets.

Chico’s FAS debuted in the overseas market last year by opening its White House Black Market (WH|BM) boutique store at Yorkdale Shopping Centre in Toronto, Canada on Oct 24. Subsequent to that, the company opened two more stores in the country.

Chico’s FAS’ WH|BM brand sells stylish and chic garments and accessories for women, including everyday basics, wear-to-work clothes as well as fashionable apparel, mostly in black and white and related shades with seasonal color splashes. Apart from this, the brand offers some signature collection that includes the Instantly Slimming, Perfect Form and WORKKIT, providing day-to-day wardrobe solutions for women.

WH|BM started operations in 1985 and was acquired by Chico’s in 2003. As of Nov 2, 2013, the company operated 434 WH|BM boutiques and 56 outlets.

Chico’s FAS is a women's specialty retailer of private branded, classy, casual-to-dressy outfits, intimates, complementary accessories and other non-clothing gift items. Going ahead, Chico’s intends to continue the implementation of other strategic initiatives that will help boost future growth. These include enhancement of omni-channel capabilities, expansion in Canada and the opening of stores.

At present, Chico’s has a Zacks Rank #3 (Hold). Stocks performing well among apparel/shoe retailers include Abercrombie & Fitch Co. (ANF - Analyst Report), Finish Line Inc. (FINL - Snapshot Report) and The Men’s Wearhouse, Inc (MW - Snapshot Report). All of these carry a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%