chico's reported another quarter of earnings decline. Second quarter earnings dropped to 22 cents from 30 cents a year ago.
Struggling apparel retailer for women reported another quarter of declining earnings and same store sales. The company continues to open more and larger stores, operate stores with lower operating margings, and lose market share in key markets. The earnings at the second quarter fell on higher operating cost and lower margin on apparel and intimate products. The company guided lower same store sales in August and expects weakness in sales to persist in the third quarter.
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