Shares of Chico's FAS Inc. soared 15.1% in Tuesday premarket trading after women's apparel and accessories retailer announced plans to begin reopening stores on May 4. Chico's portfolio includes the namesake chain, White House Black Market and Soma. The reopening will happen in three phases: first the company will use its stores to fulfill online orders, then buy-online-pickup-in-stores using contactless curbside pickup and, finally, shop by appointment for all of its brands. "We believe we will have some significant advantages in the next several months as the majority of our stores are under 3,500 square feet and are located in easily accessible shopping plazas," said Chief Executive Bonnie Brooks in a statement. "Due to the smaller size of our boutiques, Chico's FAS has the ability to reopen quickly and safely and to follow enhanced safety precautions." Brooks says Chico's has experienced double-digit digital growth over the past six weeks. The growth was driven by certain categories, including active and sleep, and, according to Brooks, a tech enhancement. Store management was given a handheld device containing proprietary styling software, Style Connect, that "allows for intimate but distanced connection" with customers. The majority of Chico's associates were furloughed on April 1, hours and pay were reduced for most remaining associates, and pay was halved for executives and the board. Distribution center workers have received their full pay. For the 13 weeks ending February 1, same-store sales were up 2.2%, after three consecutive quarters of negative same-store sales. For the four weeks ending February 29, same-store sales were up 2.7%. As of April 27, Chico's had about $103 million in cash and equivalents on hand. Borrowings on an asset-based credit facility and by leveraging its own real estate could yield an additional $100 million in liquidity. The company also has a one-time liquidity benefit of $95 million under the CARES Act. Chico's has reduced weekly cash burn "significantly" in the past few weeks, and Interim Chief Financial Officer David Brooks says the company has taken action to cut operating expenses by 30%. First-quarter results will be announced on June 10. Chico's stock has plummeted 65.6% over the past year while the S&P 500 index has slipped 2.1% for the period.

Chico's FAS, Inc. (NYSE: CHS), a leading omnichannel specialty retailer for women that operates Chico's®, White House Black Market®, Soma® and TellTale™, today provided a business update and boutique reopening plan from the Company's Chief Executive Officer and President; recent 2020 preliminary sales information; and details on liquidity and cash utilization.

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Stores are releasing their plans for reopening stores once lockdown orders are loosened, with some opting for appointment-only service and all emphasizing sanitation procedures.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Women's specialty retailer Chico's FAS, Inc. (NYSE: CHS) (the "Company") will host a conference call with security analysts on Wednesday, June 10, 2020 beginning at 8:30 a.m. ET to review the operating results for the first quarter ended May 2, 2020.

Chico's FAS (NYSE: CHS) today announced the promotion of Molly Langenstein to CEO and President of Chico's FAS, effective June 24, 2020. Ms. Langenstein is a 30-year retail fashion veteran with a proven track record of success in revitalizing sales and profitability. Since August 2019, Ms. Langenstein has served as President of the Company's two largest brands, Chico's and White House Black Market. The Company recently posted one of the fastest turnarounds in fashion retail with three consecutive quarters of unprecedented growth with a 9.4% increase in sales from Q1 to Q4 of fiscal year 2019 prior to the COVID-19 pandemic.

Chico's FAS, Inc. (NYSE: CHS) (the "Company" or "Chico's FAS"), a leading omnichannel specialty retailer for women that operates Chico's®, White House Black Market®, Soma® and TellTale™, today announced that its Board of Directors adopted a limited duration shareholder rights plan (the "Rights Plan").

Investors need to pay close attention to Chico's FAS (CHS) stock based on the movements in the options market lately.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

There was a glimmer of hope in Spain’s battle with the coronavirus pandemic on Sunday, when the country recorded the lowest death rate overnight since March 26.

Ralph Lauren Corp. said Tuesday that it will close stores across North America from March 18 through April 1. A number of stores in Europe and Asia are already closed due to the pandemic. Chico's FAS Inc. will also close stores across North America for the next two weeks. Chico's brands include the namesake, White House Black Market and Soma. Workers across both companies will be paid during the closure and those that can work from home will. Chico's has also withdrawn the guidance it issued on Feb. 27. New guidance will not be announced at this time. The FactSet consensus is for earnings per share of 8 cents and sales of $523 million in the fiscal first quarter. Earnings are scheduled to be announced on May 27. And Groupon Inc. has alerted customers that eligible vouchers will be extended for up to one year, and customer support will be available to help in the event that an event or deal is canceled. Customers who receive an exchange or refund will also receive a bonus voucher. Ralph Lauren stock is up 3.4% in Tuesday premarket trading, but down 40.7% over the past year. Chico's stock is not trading in Tuesday premarket, but is down 61% over the past year. And Groupon shares have gained nearly 6% in Tuesday premarket trading though the stock has fallen nearly 81% for the past 12 months. The S&P 500 index is down 15.5% over the last year.

Olive Garden has reopened for dine-in service in Georgia and Tennessee, and Chico’s has laid out its plan to re-open stores starting May 4.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Chico's FAS Inc. said Friday that it has adopted a short-term shareholder rights plan after stock price disruptions due to the coronavirus pandemic. Chico's shares have fallen more than 73% for the year to date while the S&P 500 index is down 21.8%. The plan aims to guard against any individual or group gaining control of the company in the open market without paying a premium. The company is issuing one right per each common share as of the close of business April 13, 2020. The rights become exercisable if someone or an entity acquires 10% or more of the common stock. Chico's portfolio of brands includes the namesake and White House Black Market.

Chico's FAS (NYSE: CHS), a leading omnichannel specialty retailer for women that operates Chico's®, White House Black Market®, Soma® and TellTale™ announced the temporary immediate closure of all retail stores across North America for the next two weeks to protect customers, associates and the communities in which they live and work.

The U.S. labor market showed further signs of damage from the coronavirus that causes COVID-19 on Friday as the global case tally continued to extend beyond a million and the death toll passed 55,000.

J.Crew has filed for chapter 11 bankruptcy amid the coronavirus outbreak. Yahoo Finance’s Emily McCormick joins Seana Smith to discuss what this means for the retail sector.

Q4 2019 Chico's FAS Inc Earnings Call