Chico’s sees a lot fewer stores in its omnichannel future
January 14, 2019
Chico’s FAS management said on Friday that it would close 250 stores or more over the next three years between its three retail banners — Chico’s, White House Black Market and Soma. The company positioned the decision as a way to “rebalance the mix” of its online vs. physical store presence. The move, management believes, will help the retailer act strategically as leases expire, while improving profitability and ROI.
Recent News
7-Eleven Unveils Hot Dog-Flavored Drink
7-Eleven has revealed an array of new 7-Select sparkling waters sporting bold and innovative flavors. Partnering with Miracle Seltzer, 7-Eleven is introducing Lemon Lime, Green Apple, Sweet Orange, and the surprising addition of Hot Dog flavor.
Waffle House Workers Strike for Fair Pay and Better Working Conditions
Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.
Baltimore Bridge Collapse Could Cost Carnival Cruise Line $10M
Carnival Cruise Line revealed that its 2024 earnings could take up to a $10 million hit due to the Baltimore bridge collapse.
Kwik Trip Discontinues Bagged Milk
Bagged milk, a long-standing staple at Kwik Trip, will soon disappear from its shelves.