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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.
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Management was very focused on growing its internet business this year, stating "Coldwater Creek's objective is to derive 25% of its revenue through its e-commerce site by the end of fiscal 2000. Moreover, management's goal is to obtain a 5% market share of the US on-line market for women's apparel sales during fiscal year 2000" in its year end ...
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