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8-K - FORM 8-K - CHICO'S FAS, INC. | d259983d8k.htm |
EX-99.1 - EX-99.1 - CHICO'S FAS, INC. | d259983dex991.htm |
EX-99.2 - EX-99.2 - CHICO'S FAS, INC. | d259983dex992.htm |
Exhibit 99.3
For Immediate Release
Executive Contact:
Robert C. Atkinson
Vice President-Investor Relations
Chicos FAS, Inc.
(239) 274-4199
Chicos FAS, Inc. Announces New $200 Million Share Repurchase Program
Fort Myers, FL November 22, 2011 As part of an ongoing commitment to return value to its shareholders, Chicos FAS, Inc. (NYSE: CHS) today announced that its Board of Directors authorized the repurchase of up to $200 million of the Companys outstanding common stock, effective November 23, 2011. This program replaces the now cancelled August 2010 $200 million program in its entirety that had $24.2 million remaining.
Repurchases under the program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18. The Company intends to fund the repurchase program from cash on hand and retire any shares repurchased. The Company, however, has no obligation to repurchase shares under this authorization, and the timing, actual number and value of shares to be purchased will depend on the performance of Chicos stock price and other market conditions.
ABOUT CHICOS FAS, INC.
The Company, through its brands Chicos, White House | Black Market, Soma Intimates, and Boston Proper, is a womens specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.
The Chicos brand offers women a combination of great style, one-of-a-kind details and warm personal service. Chicos currently operates 604 boutiques and 83 outlets throughout the U.S., publishes a monthly catalog and offers round-the-clock shopping at www.chicos.com.
White House | Black Market strives to make women feel beautiful with apparel and accessories in the honest simplicity of black and white and the individuality of styles built from it. White House | Black Market currently operates 363 boutiques and 25 outlets,
publishes a catalog highlighting its latest fashions and connects with customers at www.whbm.com.
Soma Intimates offers beautiful and sensual lingerie, loungewear and beauty. Soma Intimates currently operates 168 boutiques and 17 outlets, publishes a catalog coinciding with key shopping periods and sells direct-to-consumer at www.soma.com.
Boston Proper is a leading direct-to-consumer retailer of womens high-end apparel and accessories. Boston Proper provides unique, distinctive fashion designed for todays independent, confident and active woman. The merchandise focus is about creating a daring, modern style with a sensual feel and is available exclusively through the Boston Proper catalog and website, www.bostonproper.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.