President and CEO David F. Dyer Provides Business Update
FORT MYERS, Fla., June 25 /PRNewswire-FirstCall/ -- Chico's FAS, Inc.
(NYSE: CHS) announced that, based on a preliminary count provided by its
Inspector of Elections, stockholders have re-elected both of the Company's
Class I Directors at today's Annual Meeting of Stockholders. In addition,
based on that preliminary count, stockholders ratified an amendment to the
Company's Articles of Incorporation providing for a majority vote standard for
uncontested director elections and the appointment of Ernst & Young LLP as the
Company's independent public accountants for the fiscal year ending January
30, 2010 (fiscal 2009).
In his report on the Company,
David F. Dyer
, President and CEO indicated
that sales for the second quarter-to-date are running negative low single
digit. Mr. Dyer added that the White House | Black Market brand has
quarter-to-date positive comparable store sales, while the Chico's brand has
delivered a comparable store sales percentage decrease in the low
single-digits quarter-to-date.
ABOUT CHICO'S FAS, INC.
The Company is a women's specialty retailer of private branded,
sophisticated, casual-to-dressy clothing, intimates, complementary
accessories, and other non-clothing gift items. The Company operates 1,068
specialty stores, including stores in 48 states, the District of Columbia, the
U.S. Virgin Islands and Puerto Rico.
The Chico's brand currently operates 613 boutique and 40 outlet stores,
publishes a catalog during key shopping periods throughout the year, and
conducts e-commerce at www.chicos.com.
White House | Black Market currently operates 326 boutique and 16 outlet
stores, publishes a catalog highlighting its latest fashions and conducts
e-commerce at www.whitehouseblackmarket.com.
Soma Intimates is the Company's developing concept with 72 boutique stores
and 1 outlet store today. Soma also publishes a popular catalog for its
customers and conducts e-commerce at www.soma.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995 Certain statements contained herein, including without limitation,
statements addressing the beliefs, plans, objectives, estimates or
expectations of the Company or future results or events constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, as amended. Such forward-looking statements
involve known or unknown risks, including, but not limited to, general
economic and business conditions, and conditions in the specialty retail
industry. There can be no assurance that the actual future results,
performance, or achievements expressed or implied by such forward-looking
statements will occur. Users of forward-looking statements are encouraged to
review the Company's latest annual report on Form 10-K, its filings on Form
10-Q, management's discussion and analysis in the Company's latest annual
report to stockholders, the Company's filings on Form 8-K, and other federal
securities law filings for a description of other important factors that may
affect the Company's business, results of operations and financial condition.
The Company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes make it clear
that projected results expressed or implied in such statements will not be
realized.
For more detailed information on Chico's FAS, Inc., please go to our
corporate website, www.chicosfas.com.
Executive Contacts:
Robert C. Atkinson
Vice President
Investor Relations
Chico's FAS, Inc.
(239) 274-4199
SOURCE Chico's FAS, Inc.