Retailer has busy summer, including moving forward on CEO

It’s been a busy summer at Fort Myers-based women’s retailer Chico’s FAS.

On a business side, private equity firm Sycamore Partners, based partially on the Fort Myers company's well-documented struggles with declining sales, has made three buyout offers since April. The Chico’s board has squashed all the offers and has said, in separate statements, that each offer substantially undervalued the company. (The most recent Sycamore offer, in late June, was for $3 per share — even lower than the offer in May, for $3.50 per share.)