Chico’s FAS Releases Q1 Report

Plus: Lee Health Board of Directors announce new governance structure.

Need to catch up on Southwest Florida business news? No problem. Here are the top stories of the week pulled from our daily newsletter, Gulfshore Business Daily.


Friday, June 14


Southwest Florida metro areas have ranked in “The Most Dynamic Metropolitans,” according to new research released by the Walton Family Foundation, ranking the economic performance of metropolitan areas across the country. The Naples-Immokalee-Marco Island metro area ranked No. 18 with an index value of 1.0567. The Cape Coral-Fort Myers metro area followed at No. 19 with an index value of 1.0241. The study demonstrates that a knowledge-based economy spurs economic growth in metropolises across the U.S. Metro areas with knowledge-based economies ranked higher than cities that have yet to make much-needed investments in technology, education, entrepreneurship and commercialization, according to a press release. To read “The Most Dynamic Metropolitans” executive summary, click here.


Thursday, June 13


Society for Human Resource Management (SHRM) SWFL, in partnership with the Lee County Sheriff’s Office, will offer Active Shooter Preparedness Training from 8:30–10:30 a.m. on June 20. The program will be held at the Lee County Public Education Center in Fort Myers. From the start, participants will learn how to prepare before an incident takes place and learn the applications/options of Run–Hide–Fight, along with the “when, where and how” they can be realistically applied. We then go beyond the options/concepts and explain what will happen to you both mentally and physically in these types of situations and how to use them to your advantage. And, training will address last resort options when it comes to defending yourself and others. The cost to attend is $20 for chapter members, $15 for students, $25 for non-chapter members and guests, and walk-ins for $25 (if available). Proceeds from the training will benefit the SHRM Foundation. To register for the event, visit


Wednesday, June 12


Chico’s FAS Inc. reported a net income of $2.0 million for the fiscal 2019 first quarter ended May 4, compared with net income of $29.0 million for the 13 weeks ended May 5, 2018. For the first quarter, net sales were $517.7 million compared to $561.8 million in last year’s first quarter. This 7.8 percent decrease reflects a comparable sales decline of 7.0 percent as well as the impact of 41 net store closures since last year’s first quarter. The comparable sales decline was driven by lower average dollar sale and a decrease in transaction count. 


Tuesday, June 11


The Lee Health board of directors has announced its new governance structure, establishing five committees to assist the board in its responsibility for oversight of the health system’s performance. The publicly elected Lee Health Board of Directors is responsible for one of the nation’s largest public health care systems. Last fall, the board of directors commissioned a governance task force to make recommendations to optimize the board’s structure and function. The creation of a committee structure provides the board members with a greater opportunity for consideration of significant agenda items and further engages physicians and community members in its work. About 90 percent of public health system boards of directors in the U.S have a committee structure and they are widely considered a best practice, a press release states.


Left to right: Kelly L. Fayer, Karen L. Mosteller, Julie Koester, Kathleen O. Berkey. (Not pictured: Kerri A. Goldsmith)

Monday, June 10


The Greater Fort Myers Chamber of Commerce’s Women in Business Committee has named the top five finalists for its 14th annual APEX Awards, announced during the committee’s monthly networking program on June 5. The five finalists are Kathleen O. Berkey, shareholder attorney and certified land planner, Becker & Poliakoff, P.A.; Kelly L. Fayer, attorney, Kelly L. Fayer, P.A.; Kerri A. Goldsmith, financial advisor, HBKS Wealth Advisors; Julie Koester, founder, managing partner, president, Dragon Horse Media LLC; and Karen L. Mosteller, business consulting and technology partner, Markham Norton Mosteller Wright & Co., P.A. Presented by Sanibel Captiva Community Bank, the APEX Awards recognize women with outstanding reputations for professionalism, philanthropy and leadership. The five finalists will be honored and all nominees recognized during an evening gala on Aug. 16 at The Westin Cape Coral Resort at Marina Village in Cape Coral, when Women in Business will name the 2019 APEX Award recipient. For more information, call (239) 332-2930 or visit   
Don’t wait until the end of the week to find out what’s happening in Southwest Florida. Sign up for our free daily newsletter, Gulfshore Business Daily, to stay connected.