MKM Partners Cuts Price Target on Chicos FAS (CHS) to $12 Following 1Q Miss

Chico's FAS, Inc. Reports First Quarter Results

FORT MYERS, Fla., May 26, 2016 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced its financial results for the fiscal 2016 first quarter and thirteen weeks ended April 30, 2016.

For the thirteen weeks ended April 30, 2016 ("the first quarter"), the Company reported net income of $31.1 million, or $0.23 per diluted share, compared to net income of $32.5 million, or $0.22 per diluted share, for the thirteen weeks ended May 2, 2015. The Company... More

Chico's FAS, Inc. Appoints Susan Lanigan as Executive Vice President and General Counsel

FORT MYERS, Fla., May 25, 2016 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced that Susan Lanigan has been appointed Executive Vice President and General Counsel.  Ms. Lanigan has 25 years of professional experience and more than 15 years of business experience in the retail industry, including serving as Executive Vice President, General Counsel of Dollar General Corporation before entering public service.

Shelley Broader,... More

Chico's FAS, Inc. Announces Changes to Board of Directors and Slate for 2016 Annual Meeting of Shareholders

FORT MYERS, Fla., May 24, 2016 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced that Bonnie Brooks, Vice Chairman of Hudson's Bay Company, and Bill Simon, the former President and Chief Executive Officer of Walmart U.S., have been nominated to stand for election to the Company's Board of Directors at the 2016 Annual Meeting of Shareholders. In addition to Ms. Brooks and Mr. Simon, the Company's slate for the 2016 Annual Meeting will include Shelley Broader, President and Chief Executive Officer of Chico's FAS, and Janice Fields, current independent director of... More

Barington Capital Group Announces Proxy Contest To Elect Two Directors To The Board Of Chico's FAS, Inc.

NEW YORK, May 24, 2016 /PRNewswire/ -- Barington Capital Group, L.P. announced today that one of its affiliates has formally notified Chico's FAS, Inc. (NYSE: CHS) of its intention to seek the election of directors to the Board of Directors of Chico's at the Company's 2016 Annual Meeting of Stockholders.  The Annual Meeting, which was initially scheduled to be held on June 16, 2016, has been postponed by the Company until July 21, 2016. 

Barington, which has been investing in Chico's since December 2013 and beneficially owns approximately 1.4% of its outstanding common stock, believes that the Company has... More