FORT MYERS, Fla., March 6, 2019 /PRNewswire/ -- Chico's FAS,
Inc. (NYSE: CHS) (the "Company") announced today that fashion
retail veteran Karen McKibbin has
been appointed President of its Chico's brand, effective
April 1, 2019. In this role, Ms.
McKibbin will oversee all business activities for Chico's and will report directly to
Shelley Broader, Chief Executive
Officer and President of the Company.
Ms. McKibbin joins Chico's
after a successful career with Nordstrom, Inc. She most
recently served as President of Nordstrom
Rack, the Company's fastest growing brand, with a fleet of
244 stores and a separate off-price merchant organization.
Prior to that role, she was President of Nordstrom Canada and led the Company's
successful expansion into the Canadian market, overseeing buying,
logistics, marketing, real estate and online strategies.
Previously at Nordstrom, she served as Vice President and led four
different regions for the Company.
Ms. Broader said, "We are pleased to welcome Karen as
Chico's Brand President. Karen has extensive
experience in the retail industry with our customer and a strong
record leading merchandising, operating and store initiatives that
drive profitable growth. She shares our commitment to
beautiful product, superior customer experiences and knows
first-hand how important service is to building brand
loyalty. I am confident that her leadership and decades of
experience will help accelerate the progress we are making to
improve performance at the Chico's
brand."
Ms. McKibbin said, "It is an honor to be named President of the
Chico's brand. I am enthusiastic about the opportunities that lie
ahead for Chico's and look forward
to working with its talented team to improve the brand, deepen our
customer relationships and deliver long-term growth."
Prior to serving as President of Nordstrom Canada, Ms. McKibbin served in a wide
variety of roles from merchant to store management to regional
management. In 2000, she was named Vice President, leading the
Los Angeles region. She later led
three additional regions as Vice President, including the Northeast
region, where she pioneered Nordstrom's entry into the
Boston market; the South region and Northern
California and Hawaii.
Ms. McKibbin received her Bachelor of Arts degree from
University of California, San
Diego.
About Chico's
Chico's® was founded in 1983 as a
small boutique selling Mexican folk art on Sanibel Island in
Florida. The rich colors, bold
prints, unique artisanal details, problem-solving styles, and
amazing personal service made a lasting connection with
customers. Now, there are over 600 Chico's boutiques and outlets
nationwide, an international (franchise) partner, a monthly mailer,
and online shopping available at chicos.com and
chicosofftherack.com.
ABOUT CHICO'S FAS,
INC.
The Company, through its brands – Chico's, White House Black Market and Soma is
a leading omnichannel specialty retailer of women's private
branded, sophisticated, casual-to-dressy clothing, intimates and
complementary accessories.
As of February 2, 2019, the Company operated 1,418 stores
in the U.S. and Canada and sold merchandise through 83
international franchise locations in Mexico. The Company's merchandise is also
available at www.chicos.com, www.chicosofftherack.com, www.whbm.com
and www.soma.com as well as through third party channels. For more
detailed information on the Company, please go to our corporate
website at www.chicosfas.com. The information on our corporate
website is not, and shall not be deemed to be, a part of this press
release or incorporated into our federal securities law
filings.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This release contains statements that
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements,
including without limitation the statements in Ms. Broader's and
Ms. McKibbin's quotes, relate to, among other things, expectations,
estimates and projections regarding the brand's new leadership and
initiatives and are identified by use of the words "anticipate,"
"believe," "could," "estimate," "expect," "intend," "may," "plan,"
"outlook," "predict," "project," "should," "strategy," "target,"
"will," "would," "potential" and similar terms. Factors that
could cause actual results to differ include, but are not limited
to: the extent of the market demand and overall level of spending
for women's private branded clothing and related accessories; the
effectiveness of our brand awareness and marketing programs; the
ability to successfully execute and achieve the expected results of
our business strategies and particular strategic initiatives
(including, but not limited to, the Company's retail fleet
optimization plan, Chico's brand improvement plan and expanded
review of the Company's operations); and the risk that our
investments in merchandise or marketing initiatives may not deliver
the results we anticipate. Other risk factors for the
Chico's FAS, Inc.'s business are
detailed from time to time in the Chico's FAS, Inc.'s Quarterly Reports on Form
10-Q, Annual Report on Form 10-K and other reports filed with the
Securities and Exchange Commission. These factors should be
considered in evaluating forward‑looking statements contained
herein.
Contact:
Julie Lorigan
Vice President – Investor Relations,
Public Relations and Corporate Communications
Chico's FAS, Inc.
(239) 346-4199
Chico's FAS,
Inc. • 11215 Metro Parkway • Fort Myers,
Florida 33966 • (239) 277-6200
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SOURCE Chico's FAS, Inc.