81
Fashion Jobs
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ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
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ABBOTT
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Supply Planner
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AVON
Supply Planner
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ADIDAS
Senior Manager Digital Activation - em South
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BEIERSDORF
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Demand Planner
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ABBOTT
Finance Controller – Ani South Africa
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PROCTER&GAMBLE
Hybrid Sales Representative - Western Cape South Coast
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PROCTER&GAMBLE
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PROCTER&GAMBLE
Site Security Manager
Permanent · JOHANNESBURG
PROCTER&GAMBLE
Regulatory Affairs Associate Scientist
Permanent · SANDTON
PROCTER&GAMBLE
Senior Manager - Media Buyer
Permanent · SANDTON
PROCTER&GAMBLE
Hybrid Sales Representative - Eastern Cape
Permanent · SANDTON
PROCTER&GAMBLE
Senior Sales Manager
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PROCTER&GAMBLE
Purchasing Manager
Permanent · SANDTON
PROCTER&GAMBLE
Finance Manager
Permanent · SANDTON
By
Reuters
Published
Jan 29, 2009
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Chico's to cut jobs, take charges in Q4

By
Reuters
Published
Jan 29, 2009

Jan 29 (Reuters) - Women's clothing retailer Chico's FAS Inc (CHS.N) said Thursday it will cut 180 positions and take up added cost-cutting measures to tackle the ongoing economic crisis that has hit retailers across the board.


Chico's spring-summer 2009

The workforce reduction, which accounts for 11 percent of its total employee base, will lessen payroll and related benefit costs by about $15 million over the next year, the company said in a statement.

Fort Myers, Florida-based Chico's will record a charge of about $6.3 million in separation costs, including a previously disclosed CEO separation agreement.

The company named a new Chief Executive on Jan. 8, following the retirement of its previous CEO, Scott Edmonds.

Chico's, which sells traditional apparel to women aged over 40, now expects to take a goodwill-related charge of $11 million to $14 million in the next quarter.

It will also take a charge of $7.0 million to $9.0 million on some underperforming stores.

Shares of the apparel retailer closed at $4.01 Thursday on the New York Stock Exchange. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva)

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