Chico's FAS Responds To Letter By Barington Capital - Quick Facts

(RTTNews) - Chico's FAS, Inc. (CHS) issued a statement in response to a letter published by Barington Capital Group, L.P. Chico's FAS stated that, in public statements, Barington has attempted to claim credit for the positive change underway at the company. Chico's FAS said Barington's claims are completely unfounded.

Chico's FAS believes its operating improvements began in 2015 following the appointment of a new CFO and accelerated when Ms. Broader joined as new President and CEO in December 2015 - well before Barington began substantively engaging with the company in March 2016.

Chico's FAS said, while its management remains committed to disciplined store growth, pursuing the bricks and mortar strategy that Barington suggests would conflict with the plan that management has adopted.