The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Chico's shares had jumped more than 4 percent in the premarket, but then retreated and were down 1 percent in the regular trading session.
The company said shoppers in mid-May will find a "select assortment" of clothing and accessories, including its athleisure line, no-iron shirts and jewelry, on Amazon. Chico's said it could begin selling items from White House Black Market and Soma via Amazon, "as the new business channel gains traction."
Chico's said it will keep control of marketing, pricing and promotions for its products in this new partnership.
"Chico's FAS will be one of the few vertically-integrated specialty retailers with Prime eligibility on Amazon.com," Chico's FAS CEO and President Shelley Broader said in a statement.
Amazon has been looking to add established clothing brands to its site, which could propel the e-commerce giant to become the No. 1 apparel retailer in the U.S. this year. It's been working with Nike, Calvin Klein and Carter's, to name a few, to help dismantle a sea of third-party sellers flooding the site with used or marked-down inventory.
Still, many brands worry that once they agree to sell on Amazon they will be pressured to slash prices, which would hurt profit margins.
According to Jefferies analyst Randal Konik, Chico's has been cutting back on promotions and is keeping a tighter control on inventories. "[Merchandise] rebalancing is beginning to yield results at core Chico's, and we see the other divisions following suit," he said in a note to clients.
In the fourth quarter, same-store sales for Chico's FAS fell about 5 percent, which was better than what analysts were anticipating. Inventories decreased more than 6 percent during the period, while selling, general and administrative expenses also dropped from a year earlier.
Regarding its partnership with Amazon, Chico's said the deal is "not expected to be material" to 2018 results "given its early nature."
Chico's shares are up about 15 percent so far this year.