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Porgie Tirebiter

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Porgie Tirebiter

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Monday, 05/02/2011 2:54:18 PM

Monday, May 02, 2011 2:54:18 PM

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Interesting article: http://www.review.net/section/detail/chicos-turnaround/

Together, Dyer and Kleeberger turned the company around by cutting expenses, boosting investment in merchandise and pushing online sales. Net income last year totaled $115 million on sales of $1.9 billion, a 64% increase in profit compared with 2009.

What’s more, Chico’s balance sheet is one of the most enviable in the retail business. The company has no debt and $549 million in cash and securities.

Just because you don't feel paranoid doesn't mean they're not after you!

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