Attached files
file | filename |
---|---|
8-K - FORM 8-K - CHICO'S FAS, INC. | g25378e8vk.htm |
Exhibit 99.1
Chicos FAS, Inc. 11215 Metro Parkway Fort Myers, Florida 33966 (239) 277-6200
For Immediate Release
Executive Contact:
Robert C. Atkinson
Vice President-Investor Relations
Chicos FAS, Inc.
(239) 274-4199
Robert C. Atkinson
Vice President-Investor Relations
Chicos FAS, Inc.
(239) 274-4199
Chicos FAS, Inc. Appoints Stephen E. Watson
to Serve on its Board of Directors
to Serve on its Board of Directors
Fort Myers, FL - November 23, 2010 - Chicos FAS, Inc. (NYSE: CHS) today announced
that it has appointed Stephen E. Watson to its Board of Directors, effective November 18, 2010,
increasing the total number of Board seats to nine. Mr. Watson was also appointed to the Boards
Audit Committee and Compensation and Benefits Committee.
Mr. Watson brings to the Board nearly 40 years of executive and director experience in the
retail industry. From 1973 through 1996, Mr. Watson held various executive officer positions with
Dayton Hudson Corporation, including Chairman and Chief Executive Officer of Dayton Hudson
Department Stores Co. and President of Dayton Hudson Corporation. From 1997 until his retirement
in 2002, Mr. Watson was President and Chief Executive Officer of Gander Mountain Company, a
privately held retailer for outdoor sports and recreation activities.
In addition to serving as a director of Chicos, Mr. Watson is currently also a director of
Regis Corp. and Kohls Corporation, where he serves as Chairman of the Audit and the Nominating &
Governance committees. From 1997 through December 2005, Mr. Watson was a director of ShopKo
Stores, Inc., an operator of general merchandise stores. From 2004 through May 2007, Mr. Watson
was a director of Smart & Final, Inc., an operator of grocery stores. He also served on the boards
of Norwest Bank from 1990 to 1996, Target Corporation from 1991 to 1996, Retek Inc. from November
1999 to 2004, and Eddie Bauer Holdings, Inc. from 2005 to 2009.
David F. Dyer, President & CEO commented, We are very pleased to welcome Steve to the Board
of Directors. Steve brings a wealth of knowledge that will be of great help as we continue our
work to grow the Chicos FAS family of brands.
ABOUT CHICOS FAS, INC.
The Company is a womens specialty retailer of private branded, sophisticated, casual-to-dressy
clothing, intimates, complementary accessories, and other non-clothing gift items. The Company
operates 1,154 specialty stores, including stores in 48 states, the District of Columbia, the U.S.
Virgin Islands and Puerto Rico.
The Chicos brand currently operates 598 boutique and 63 outlet stores, publishes a catalog during
key shopping periods throughout the year, and conducts e-commerce at www.chicos.com.
Page 1 of 2
White House | Black Market currently operates 345 boutique and 21 outlet stores, publishes a
catalog highlighting its latest fashions and conducts e-commerce at www.whbm.com.
Soma Intimates is the Companys developing concept with 119 boutique stores and 8 outlet stores
today. Soma Intimates also publishes a 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 Companys latest annual report on Form
10-K, its filings on Form 10-Q, managements discussion and analysis in the Companys latest annual
report to stockholders, the Companys filings on Form 8-K, and other federal securities law filings
for a description of other important factors that may affect the Companys 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 Chicos FAS, Inc., please go to our corporate website,
www.chicosfas.com.
Page 2 of 2