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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.
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By 1990, millions of catalogs were being mailed to its own customers and rented mailing lists. In 1991 and 1992 major investments were made in upgrading computer systems and new executives were hired to help manage growth. In 1991 revenues had reached approximately $11 million delivering a profit of $1.6 million. Sales were $18.8 million in ...
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.
In 2010 it sold via retail outlets, mail order catalogs, and an online store. [4] As of August 2016, it operated more than 450 retail stores throughout the United States. [ 5 ] On May 4, 2020, the company announced that it would apply for bankruptcy protection amidst the COVID-19 pandemic .