Company Profile For Chico's FAS Inc

Chico’s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House |Black Market (WH|BM) and Soma Intimates (Soma) brand names. The Chico’s brand sells designed, private branded clothing focusing on women 35 and over with a moderate to high income level. The Chico’s brand controls the design process, including choices of pattern, prints, construction, design specifications, fabric, finishes and color through in-house designers, purchased designs, and working with its independent vendors to develop designs. The WH|BM brand, sells fashion and merchandise primarily in black and white, and related shades focusing on women who are 25 years old and up with a moderate to high income level. WH|BM utilizes an in-house design team and also works with its independent vendors and agents to select, modify, and create its product offerings.

BRIEF: For the thirty nine weeks ended 31 October 2009, Chico's FAS, Inc.'s revenues increased 6% to $1.28B. Net income totaled $52.1M, up from $21.4M. Revenues reflect an increase in the sales of Chico's/Soma stores, higher sales from White House & Black Market stores and an increase in the sales from direct-to-consumer. Net income also reflects an improved gross margin, a decrease in store operating expenses and lower marketing expenses.