Chico's Fas, Inc. (NYSE: CHS) rated to Hold by BB&T Capital Mkts
BB&T Capital Mkts
rated Chico's Fas, Inc. (NYSE: CHS) to Hold.
Chico?s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico?s, White House |Black Market (WH|BM) and Soma Intimates (Soma) brand names. The Chico?s brand sells designed, private branded clothing focusing on women 35 and over with a moderate to high income level. The Chico?s brand controls the design process, including choices of pattern, prints, construction, design specifications, fabric, finishes and color through in-house designers, purchased designs, and working with its independent vendors to develop designs. The WH|BM brand, sells fashion and merchandise primarily in black and white, and related shades focusing on women who are 25 years old and up with a moderate to high income level. WH|BM utilizes an in-house design team and also works with its independent vendors and agents to select, modify, and create its product offerings.
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