USA: Chico’s FAS Announces July Sales Increases

Chico's FAS Inc (Nasdaq: CHCS) today announced July sales results for the four week period ended July 29, 2000. Total sales for the four week period ended July 29, 2000 increased 58.4 per cent to $16.7 million from $10.6 million reported for the four week period ended July 31, 1999. Comparable store sales for the Company-owned stores increased 28.4 per cent for the four week period ended July 29, 2000. Total sales for the second quarter ended July 29, 2000 increased 64.7 per cent to $60.6 million from $36.8 million for the same period a year ago. Comparable store sales for the company-owned stores increased 34.3 per cent for the thirteen week period. For the twenty-six weeks ended July 29, 2000, total sales increased 60.2 per cent to $117.3 million from $73.2 million for the same period in 1999. Comparable store sales for the company-owned stores increased 32.7 per cent for the twenty-six week period. Chico's sells exclusively designed, private-label women's casual clothing and related accessories. The company operates a chain of 217 stores in 38 states and the District of Columbia. The company owns 207 stores, franchisees own 10. For additional information on Chico's FAS Inc go to