Chico’s FAS maintained its momentum in the third quarter, swinging to a surprise profit and reporting strong comparable sales across its three banners.
Gap Inc. delivered disappointing third-quarter results as COVID-related factory closures and ongoing port congestion led to “significant” product delays.
Nordstrom Inc.’s third-quarter earnings fell short of estimates due to higher labor costs and challenges in its off-price Rack division, whose sales fell from pre-pandemic levels.
