FORT MYERS, Fla., June 17 /PRNewswire-FirstCall/ -- Chico's FAS, Inc. announced today that Ajit Patel, the Company's Chief Information Officer, is no longer employed by the Company. His association with Chico's and his executive officer position both ended effective May 21, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGO )
"We do not expect Mr. Patel's departure to negatively affect our ability to support our ongoing operations," said Scott Edmonds, Chico's President and Chief Executive Officer. "I believe we have positioned ourselves with a competent staff that should be more than capable to handle day-to-day operation and maintenance of the Company's systems going forward. Also, on an interim basis, we have retained the services of an independent information technology consultant from Cap Gemini who is essentially serving as an interim CIO until we are able to identify and engage a new Chief Information Officer. We are confident that this arrangement will allow for smooth operations of the department during the transition."
Chico's sells exclusively designed, private-label women's clothing and related accessories. The Company operates 582 women's specialty stores, including stores in 46 states, the District of Columbia, the Virgin Islands, and Puerto Rico operating under either the name Chico's or White House | Black Market. The Company owns 413 Chico's front-line stores, 24 Chico's outlet stores, and 133 White House | Black Market stores; franchisees own and operate 12 Chico's stores.
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 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. 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, please call (877) 424-4267 to listen to Chico's
monthly sales information and investor relations line
A copy of a slide show addressing Chico's recent financial results and current
plans for expansion is available on the Chico's website at http://www.chicos.com/ in the investor relations section Additional investor information on Chico's FAS, Inc. is available free of charge on the Chico's website at http://www.chicos.com/ in the investor relations section
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com Chico's FAS, Inc.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGO )
"We do not expect Mr. Patel's departure to negatively affect our ability to support our ongoing operations," said Scott Edmonds, Chico's President and Chief Executive Officer. "I believe we have positioned ourselves with a competent staff that should be more than capable to handle day-to-day operation and maintenance of the Company's systems going forward. Also, on an interim basis, we have retained the services of an independent information technology consultant from Cap Gemini who is essentially serving as an interim CIO until we are able to identify and engage a new Chief Information Officer. We are confident that this arrangement will allow for smooth operations of the department during the transition."
Chico's sells exclusively designed, private-label women's clothing and related accessories. The Company operates 582 women's specialty stores, including stores in 46 states, the District of Columbia, the Virgin Islands, and Puerto Rico operating under either the name Chico's or White House | Black Market. The Company owns 413 Chico's front-line stores, 24 Chico's outlet stores, and 133 White House | Black Market stores; franchisees own and operate 12 Chico's stores.
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 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. 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, please call (877) 424-4267 to listen to Chico's
monthly sales information and investor relations line
A copy of a slide show addressing Chico's recent financial results and current
plans for expansion is available on the Chico's website at http://www.chicos.com/ in the investor relations section Additional investor information on Chico's FAS, Inc. is available free of charge on the Chico's website at http://www.chicos.com/ in the investor relations section
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com Chico's FAS, Inc.
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