FORT MYERS, Fla., May 7 /PRNewswire-FirstCall/ -- Chico's FAS, Inc. (NYSE:
CHS) announced today that it is implementing JDA(R) Enterprise Planning,
JDA(R) Assortment Planning and JDA(R) Allocation in order to increase sales
and better manage inventories across its three women's retail brands, Chico's,
White House | Black Market and Soma Intimates.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080211/CHICOSLOGO )
After conducting a benchmarking study, the Company concluded that JDA is
the recognized leading provider of merchandising planning and allocation
software for retailers. Developed with several leading fashion retailers,
JDA's Enterprise Planning applications provide strong support for dynamic
attribute-based planning for products, location, and time, allowing retailers
to plan using consumer-centric views of the data.
The Company also said that as a result of its selection of the JDA
software, it would recognize in its fiscal first quarter 2009 financial
results, non-cash impairment charges based upon unaudited, preliminary
estimates that are anticipated to be in the range of $5.0 million to $6.0
million, net of tax, or approximately $.03 per diluted share, related to the
write-off of development costs of similar software applications that were
being developed by the Company.
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 1,071
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 656 boutique 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 344 boutiques, publishes a
catalog highlighting its latest fashions and conducts e-commerce at
Soma Intimates is the Company's developing concept with 71 boutique stores
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
For more detailed information on Chico's FAS, Inc., please go to our
corporate website, www.chicosfas.com.
Robert C. Atkinson
Chico's FAS, Inc.
SOURCE Chico's FAS, Inc.
/CONTACT: Robert C. Atkinson, Vice President, Investor Relations of
Chico's FAS, Inc., +1-239-274-4199/
/Web Site: http://www.chicos.com /
CO: Chico's FAS, Inc.; JDA Enterprise Planning and Assortment Management
SU: PDT SVY WOM
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0294 05/07/2009 08:30 EDT http://www.prnewswire.com