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Business Description
Chico's FAS, Inc. is a retailer of exclusively designed private label, sophisticated women's clothing, complementary accessories and other non-clothing gift items under the Chico's and White House brand names. The Chico's brand focuses on women who are 35 years old and up with moderate and higher income levels. The styling is relaxed, figure-flattering and designed for easy care. The White House offers fashion and basic merchandise assorted primarily in the classic and timeless colors of white, black and related shades under the White House|Black Market label. The White House brand targets educated, middle- to upper-income, youthful women who lead active work and social lives. As of May 10, 2004, the Company operated 571 women's specialty stores in 46 states, the District of Columbia, the Virgin Islands and Puerto Ricot. The Company owns 410 Chico's front-line stores, 23 Chico's outlet stores and 126 White House|Black Market stores; franchisees own and operate 12 Chico's stores.

Financial Information
For the 39 weeks ended 10/30/04, net sales rose 41% to $781.3M. Net income rose 45% to $108.2 million. Results reflect increased comparable store sales and increased gross profit margins.