Chico's FAS Inc reported that its April sales results for the four-week period ended May 3, 2008, decreased 4.5% to $142.0 million from $148.7 million reported for the four-week period ended May 5, 2007.
Comparable store sales decreased 15.5% for the four-week period ended May 3, 2008 compared to the same four-week period last year ended May 5, 2007. The Company believes the effect of the shift in the Easter holiday benefited comparable store sales for the month of April by approximately 2.0%-2.5%.
For the thirteen-week period ended May 3, 2008, total sales decreased 9.6% to $409.6 million from $453.1 million reported for the thirteen-week period ended May 5, 2007. Comparable store sales decreased 17.5% for the thirteen- week period ended May 3, 2008 compared to the thirteen-week period last year ended May 5, 2007.
The Company is a specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.
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