Moving ahead with its plan of expanding global footprint,
Chico's FAS Inc.
) 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.
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.
Finish Line Inc.
The Men's Wearhouse, Inc
). All of these carry a Zacks Rank #2 (Buy).
ABERCROMBIE (ANF): Free Stock Analysis Report
CHICOS FAS INC (CHS): Free Stock Analysis
FINISH LINE-CLA (FINL): Free Stock Analysis
MENS WEARHOUSE (MW): Free Stock Analysis
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