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A Chico's store in Chattanooga, Tennessee. Chico's FAS, Inc. is an American women's clothing and accessories retailer founded in 1983 on Sanibel Island, Florida.Founded by Marvin and Helene Gralnick, it is headquartered in Fort Myers, Florida and operates four brands: its namesake Chico's store, White House Black Market, Soma and TellTale.
In 2003, Chico's FAS, Inc. purchased White House Black Market after the privately held firm went public. [6] The purchase price for the specialty retailer was $90M, with $85.6M in cash and about $4.4M in Chico's common stock. [7] In 2007, Donna M. Noce stepped into the role of White House Black Market brand President.
On September 28, 2023, Sycamore signed an agreement to acquire Fort Myers, Florida–based Women's apparel retailer Chico's FAS for $938.1 million. As of July 29, 2023, Chico's runs 1,258 U.S. stores, and sells through 58 franchise locations in Mexico and two domestic airport franchises. [32]
Shares of Chico’s FAS, which closed up 4.12 percent Monday at $1.77, rose more than 1 percent during pre-market hours as a result. Chico’s FAS’s Digital And Innerwear Businesses Continue To ...
In November 2020, the company announced that it would close all its stores located in the United States. [3] [4] [5] At the end of 2021, the organization had 633 corporate and owned stores and franchises in Canada. [2] In 2022, Pet Valu acquired Quebec chain Chico's 66 stores. [2]
Chico Marketplace originally opened in 1988 as Chico Mall. Its original anchor stores were Troutman's Emporium, Gottschalks, Longs Drugs, and Sears.Longs Drugs was soon converted to a JCPenney store, which moved from North Valley Plaza, a former competing shopping mall that has since converted into a conventional shopping center.