Chicos FAS (NYSE:CHS)
Historical Stock Chart
1 Year : From Dec 2018 to Dec 2019
FORT MYERS, Fla., April 10, 2019 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced the upcoming launch of its newest brand, TellTale™, an intimate apparel collection targeting women ages 25 to 40. Launching as a digital-first brand, TellTale™ is designed to intrigue customers looking for intimate apparel that is sensual and lets them express their distinct personality. The TellTale™ brand will launch exclusively at mytelltale.com on April 24, 2019.
"TellTale™ enables us to capitalize on our intimate's infrastructure with core, proven expertise already in place, addressing a true white space in a growing market," said Shelley Broader, CEO and President of Chico's FAS. "The retail environment is shifting rapidly, and we believe that the winners long-term will be those that have a healthy pipeline of innovation – including innovative approaches to doing business."
"TellTale™ allows us to target new customers and offer them a different experience than what we offer through our Soma® brand intimate apparel," said Mary van Praag, President of the Intimate Apparel Group at Chico's FAS, which includes Soma® and now TellTale™. "It's exciting to launch a brand in start-up style, with a lean, dedicated team to allow for speed and agility, and I'm thrilled to have Kimberly Grabel, General Manager and Senior Vice President of TellTale™, lead this effort for us," added Ms. van Praag.
Leveraging the Soma® brand's 15 years of experience developing high-quality bras and underwear, the new TellTale™ brand will launch with a simple offering of six key bra silhouettes which will be replicated consistently across varied fashion collections with matching undies, rooted in the idea of sensuality, comfort and self-expression. This consistency will allow a customer, upon finding the silhouette she loves, to focus on fashion and personal expression.
All bra styles will carry signature details, including rose gold TellTale™ trim and four different closure placements, allowing for flexibility in fit. At the outset, sizing will be 32A-40DD and XS to XL. With most bras in the $39 to $49 range, the quality/style/value equation will address a gap in the market today for affordable, well-constructed, fashionable bras. In addition to the core offer of bras & undies, TellTale™ will feature monthly curated stories including apparel, accessories, and beauty that align to this customer's interests and passions and her constant quest for new discoveries.
Ms. Grabel brings over 25 years of strategic, brand-building experience, most recently serving as Senior Vice President of Marketing at Soma, where she led the brand's repositioning. Prior to Soma, she led the marketing department at Holt Renfrew and Saks Fifth Avenue.
ABOUT CHICO'S FAS, INC.
The Company, through its brands – Chico's, White House Black Market and Soma is a leading omnichannel specialty retailer of women's private branded, sophisticated, casual-to-dressy clothing, intimates and complementary accessories.
As of February 2, 2019, the Company operated 1,418 stores in the U.S. and Canada and sold merchandise through 83 international franchise locations in Mexico. The Company's merchandise is also available at www.chicos.com, www.chicosofftherack.com, www.whbm.com and www.soma.com as well as through third party channels. For more detailed information on the Company, please go to our corporate website at www.chicosfas.com. The information on our corporate website is not, and shall not be deemed to be, a part of this press release or incorporated into our federal securities law filings.
Launching April 24, 2019, TellTale™ is the first intimate apparel brand for the woman who truly owns her sensuality. The brand's consistent sizing, through a simple system of core silhouettes, coupled with dynamic, diverse fashion offerings, makes it both easy and fun to shop for bras and undies. Curated stories also feature apparel, accessories, beauty and gifts. TellTale™ is the inaugural digital-first brand for Chico's FAS and sold at www.mytelltale.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements, including without limitation the statements in Ms. Broader's and Ms. van Pragg's quotes, relate to our expectations and projections regarding the TellTale™ brand's launch and initiatives and may include words such as "believe," "expect," "intend," "may," "should," "target," "will," "would," "potential" and similar terms. Factors that could cause actual results to differ include, but are not limited to: the extent of the market demand for the TellTale™ brand our ability to successfully execute and achieve the expected results of our TellTale™ brand and initiatives; and the risk that our investments in merchandise or marketing initiatives may not deliver the results we anticipate. Other risk factors for the Chico's FAS, Inc.'s business are detailed from in the Chico's FAS, Inc.'s Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. These factors should be considered in evaluating forward‑looking statements contained herein.
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SOURCE Chico's FAS, Inc.