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To cut back losses, malls must shortly find a substitute tenant for the massive retail area that the anchor retailer occupied, which is difficult — particularly in malls which can be already financially strapped — when major department shops are decreasing their retail footprints.

After shedding Boston Proper in early 2016, Chico's FAS has been taking up water. Net sales decreased 3.8% from 2015 to 2016, excluding Boston Proper, then through 3Q2017 the decline accelerated to 8.four% corporately, including each Chico's, White Home Black Market and Soma shops. In a latest update on 4Q2017 outlook upfront of its end of February annual report, the company expects revenues to continue to flag at a 5%-7% price.

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NEW YORK (AP) — Previews of spring styles officially began Thursday at New York Trend Week, however the crowd here all the time likes to get a jump on things, so the stylists, editors, retailers, models and celebrities have been drawn to a slew of early events, together with the Style Awards on the Lincoln Heart tents that serve as a hub for the following eight days.

It goes without saying that Paula Schneider has some large shoes to fill. She has to repair a smeared popularity and clean up financial losses, however being the renaissance girl she is with a precious and diversified background, it shouldn't be a problem. Her greatest hurdle may just be changing into the new face of a company so strongly related to Dov Charney and it may take some time for folks to simply accept the change.