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Are You Still in Chico's? Time to Take Your Profits

Retail earnings have been a mixed bag over the past couple of weeks. With speciality retailer Chico's FAS (CHS) set to report second-quarter earnings Wednesday, it would be wise to take some profits off the table. Shares trade around $11.80.

Although the Fort Myers, Fla.-based company has made some strides to solidify its brands and improve the consumer shopping experience, Chico's continue to suffer from high inventories and slowing same-store sales. This is likely to have a worsening...