Chico's FAS, Inc. Repurchases $125 Million of Shares In Fourth Quarter And Approves New $300 Million Share Repurchase

  Chico's FAS, Inc. Repurchases $125 Million of Shares In Fourth Quarter And
           Approves New $300 Million Share Repurchase Authorization

PR Newswire

FORT MYERS, Fla., Dec. 19, 2013

FORT MYERS, Fla., Dec. 19, 2013 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS)
today announced that the Company repurchased approximately 6.7 million shares
of its common stock, for approximately $125 million, during the fourth quarter
of fiscal 2013, completing all but $55 million of its existing share
repurchase authorization.

(Logo: http://photos.prnewswire.com/prnh/20110920/FL71045LOGO )

The Company also announced that its Board of Directors has cancelled the
remainder of its March 2013 share repurchase program and approved a new $300
million share repurchase authorization for the Company's common stock,
reinforcing the Company's commitment to returning excess cash to
shareholders. The new repurchase authorization follows the Company's recent
announcement to increase its quarterly dividend per share by 36%, equating to
an annualized increase of $0.08 per share.

"We're pleased that we will have distributed approximately $283 million in
cash to shareholders during fiscal 2013, reflecting meaningful year-to-date
share repurchases and the increased December 2013 dividend declaration," said
Dave Dyer, CEO of Chico's FAS. "Since the inception of our share repurchase
and dividend programs in 2010, we will have distributed approximately $690
million to our shareholders. Both the new authorization and the recent
dividend increase underscore the Company's commitment to returning excess cash
to shareholders."

ABOUT CHICO'S FAS, INC.

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

As of November 2, 2013, the Company operated 1,470 stores in the US and
Canada. The Company's merchandise is also available at www.chicos.com,
www.whbm.com, www.soma.com, and www.bostonproper.com. For more detailed
information on Chico's FAS, Inc., please go to our corporate website at
www.chicosfas.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. Forward-looking statements also
include statements regarding returning excess cash to shareholders. 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. These factors include, without limitation, the risk that
the company does not repurchase some or all of the shares it anticipates
purchasing pursuant to its repurchase program. 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 Chico's FAS, Inc., please go to our corporate
website, www.chicosfas.com.

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

SOURCE Chico's FAS, Inc.

Website: http://www.chicos.com
 
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