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4-Traders Homepage  >  Shares  >  Nyse  >  Chico's FAS, Inc.    CHS

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Chico FAS : BRIEF: Chico's will close its Boston Proper stores

08/26/2015 | 06:57pm US/Eastern

Aug. 26--Chico's FAS Inc. will close its Boston Proper stores, including two in Southwest Florida.

The Fort Myers-based retailer announced the planned closings Wednesday during a conference call on its second quarter earnings results.

David Dyer, the company's CEO, said the stores didn't perform as expected and that the brand without stores would best be operated by someone else that could focus on it full-time, indicating a sale of the business could be imminent.

Chico's FAS has three other brands, Chico's, White House/Black Market and Soma. The company acquired Boston Proper in 2011 as an online and catalog only brand, then launched the brand's first boutiques in 2013, with plans to eventually open up hundreds of them around the country.

There are 20 stores from Las Vegas to Miami, including one on Fifth Street South in downtown Naples and one at the Coconut Point mall in Estero.

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(c)2015 the Naples Daily News (Naples, Fla.)

Visit the Naples Daily News (Naples, Fla.) at www.naplesnews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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