Chico's FAS, Inc. Announces New $300 Million Share Repurchase Program

    Chico's FAS, Inc. Announces New $300 Million Share Repurchase Program

PR Newswire

FORT MYERS, Fla., Feb. 28, 2013

FORT MYERS, Fla., Feb. 28, 2013 /PRNewswire/ -- As part of an ongoing
commitment to return value to its shareholders, Chico's FAS, Inc. (NYSE: CHS)
today announced that its Board of Directors authorized the repurchase of up to
$300 million of the Company's outstanding common stock, effective March 1,
2013. The program replaces the now cancelled November 2011 $200 million
program in its entirety, which had $67.6 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 Chico's stock price and other market conditions.

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The Company, through its brands – Chico's, White House | Black Market, Soma
Intimates, and Boston Proper, is a women's specialty retailer of private
branded, sophisticated, casual-to-dressy clothing, intimates, complementary
accessories, and other non-clothing items.

The Chico's brand offers women a combination of great style, one-of-a-kind
details and warm personal service. Chico's currently operates 611 boutiques
and 99 outlets throughout the U.S., mails a catalog and offers round-the-clock
shopping at

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 401 boutiques and 45 outlets, mails a catalog highlighting its latest
fashions and connects with customers at

Soma Intimates offers beautiful and sensual lingerie, loungewear and beauty.
Soma Intimates currently operates 198 boutiques and 16 outlets, mails a
catalog coinciding with key shopping periods and sells direct-to-consumer at 

Boston Proper is a leading direct-to-consumer retailer of women's apparel and
accessories. Boston Proper provides unique, distinctive fashion designed for
today's 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 at

For more detailed information on Chico's FAS, Inc., please go to our corporate
website at

Todd Vogensen
Vice President-Investor
Chico's FAS, Inc.
(239) 346-4199

SOURCE Chico's FAS, Inc.

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