Chico's Names Barry Shapiro, Vice President Outlet Strategies & Gloria Guerrera, Vice President Human Resources.

Business Editors

FORT MYERS, Fla.--(BUSINESS WIRE)--Feb. 14, 2001

Chico's FAS, Inc. (Nasdaq: CHCS) today announced the appointments of Barry Shapiro to Vice President, Outlet Strategies and Gloria Guerrera to Vice President, Human Resources.

"These two highly qualified individuals add dimension and strength to Chico's management team," said Marvin Gralnick, Chico's Chairman and Chief Executive Officer. "Mr. Shapiro brings to Chico's extensive outlet merchandising, marketing and general management experience and will have executive responsibility for the company's current and future outlet stores and merchandising. We expect Barry's background in creating, developing, growing and managing branded outlet strategies in the specialty retail arena to help ensure the success of Chico's expanded outlet need."

"Ms. Guerrera adds another dimension to Chico's. Ms. Guerrera is an experienced specialty retail human resource executive," Mr. Gralnick said. "Her background should prove to be invaluable as Chico's continues its efforts to grow into a $500 million plus a year company. As Chico's continues on its growth path, it will become increasingly more important to attract and retain highly qualified people with specialty retail experience, while at the same time maintaining the Chico's atmosphere."

Mr. Shapiro began his duties on February 12, 2001 and Ms. Guerrera will begin her duties on March 5, 2001.

Mr. Shapiro, age 46, most recently was Senior Vice President, Store and Operations of Off5th Saks Fifth Avenue Outlet. He was responsible for all aspects of the stores and operations of this 48 store $400 million division of Saks incorporated. Previously, Mr. Shapiro spent more than seven years at Ann Taylor Stores Corporation and held various positions most recently being Executive Vice President, Ann Taylor Loft. At Ann Taylor he was the first employee for, and created and developed the Ann Taylor Loft division. During his tenure at Ann Taylor, he also served in various Senior Vice President positions at Ann Taylor. Mr. Shapiro has also held various senior operations positions with Abraham & Strauss Department Stores, Lord & Taylor Department Stores and Macys King Plaza - Brooklyn, New York.

Ms. Guerrera, age 36 was most recently Vice President of Human Resources with Eileen Fisher, Inc. She was a member of the core executive team and reported directly to the COO and CEO. Previously, Ms. Guerrera spent two years as Vice President of Human Resources for Kenneth Cole Productions, Inc. a company with 800 employees and sales of $200 million. For seven years before that, Ms. Guerrera served as Director of Human Resources with Nine West Group Inc., an 8,000 employee, $700 million revenue retailer of women's footwear and accessories.

Chico's sells exclusively designed, private-label women's casual clothing and related accessories. The Company operates a chain of 250 stores in 39 states and the District of Columbia. The Company owns 239 stores, franchisees own 11.

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

For additional information on Chico's FAS, Inc. free of charge via the Internet, please go to http://tirc.com/invest/chicos/index.htm