Why Shares of Chico's FAS Were Tumbling Today
Shares of Chico's FAS (NYSE: CHS) plummeted 17% in morning trading Tuesday after the women's apparel retailer reported second-quarter earnings. In fact, virtually all apparel retailers are in the red today, and it could have to do with rising inflation, a difficult labor market, lingering supply chain disruptions, and a belief among the biggest retailers that the impacts from the pandemic (both bad and good) will be permanent.