Exhibit 99.1

Chico’s FAS, Inc. • 11215 Metro Parkway • Fort Myers, Florida 33966 • (239) 277-6200

For Immediate Release

Executive Contact:
Robert C. Atkinson
Vice President-Investor Relations
Chico’s FAS, Inc.
(239) 274-4199

Chico’s FAS, Inc. Announces First Quarter Financial Results —
Comparable Store Sales Increased 14.9%
Diluted Earnings Per Share Increases to $0.20

• Net sales increased 17.3% to $481.6 million with direct-to-consumer sales increasing 31%

• $481.9 million of cash and marketable securities at quarter-end

     Fort Myers, FL — May 19, 2010 — Chico’s FAS, Inc. (NYSE: CHS) today announced its financial results for the fiscal 2010 first quarter ended May 1, 2010.

First Quarter 2010 Financial Results

     The Company recorded net income of $35.4 million, or $0.20 per diluted share for the first quarter compared to net income of $14.5 million, or $0.08 per diluted share for last year’s first quarter. Last year’s first quarter 2009 results included non-cash impairment charges totaling approximately $5.1 million, net of tax. Excluding those impairment charges, the Company had net income for the first quarter of 2009 of $19.6 million, or $0.11 per diluted share.

Sales

     Net sales increased from $410.6 million in last year’s first quarter to $481.6 million in the current quarter. Consolidated comparable store sales increased 14.9% for the quarter compared to a 3.2% decrease for the like period last year. The Chico’s/Soma Intimates brands’ comparable store sales increased 14.8% compared to a 6.0% decrease for the like period last year, and the White House | Black Market (“WH|BM”) brand’s comparable store sales increased 15.3% compared to a 4.2% increase for the like period last year. Direct-to-consumer sales, not included in comparable store sales, increased approximately 31% for the 2010 first quarter over last year’s first quarter.

Page 1 of 8

Gross Margin

     Gross margin increased from $233.4 million in last year’s first quarter to $281.6 million in the current quarter. Gross margin, expressed as a percentage of net sales, increased 170 basis points to 58.5% from 56.8% in the last year’s first quarter. The gross margin rate improvement was primarily attributable to lower markdowns at front-line stores, higher initial markups and continued gross margin improvement at Chico’s outlet stores resulting from increased penetration of made-for-outlet product.

Selling, General and Administrative Expenses

     Selling, general and administrative expenses (“SG&A”) increased from $211.6 million in last year’s first quarter to $226.5 million in the current quarter. SG&A increased primarily due to a planned increase in marketing spend and higher store operating costs associated with new stores and the increase in sales. Excluding the impairment charges recognized in the first quarter of last year, the SG&A rate improved 250 basis points as a percentage of net sales due to the leverage resulting from positive comparable store sales.

     Store operating expenses increased by $8.5 million in the first quarter, primarily due to an increase in store personnel costs and credit card fees. However, expressed as a percentage of net sales, store operating expenses decreased 400 basis points due to the leverage resulting from positive comparable store sales.

     Marketing expenses increased by $11.2 million in the first quarter primarily due to planned increases related to television and print media campaigns. Expressed as a percentage of net sales, marketing expenses increased 170 basis points over the same period last year.

     National Store Support Center (“NSSC”) expenses, including corporate and other non-brand specific expenses, increased by $3.3 million in the first quarter mainly due to increased performance-based compensation. However, as a percentage of net sales, NSSC expenses decreased by 20 basis points due to the leverage associated with improved comparable store sales.

Inventories

     End of quarter inventory increased $14.7 million or approximately 10.1% from last year’s first quarter. Consolidated inventory at the end of the quarter increased 7.1% per selling square foot to $60 compared to $56 at the end of the last year’s first quarter. End of quarter inventory for the WH|BM brand decreased approximately 4.6% per selling square foot over the same period last year, while Chico’s brand inventory increased approximately 7.5% quarter over quarter.

Cash and Marketable Securities

     Cash and marketable securities at the end of the quarter increased to $481.9 million from $325.0 million at the end of the first quarter fiscal 2009 and from $423.5 million as of the end of fiscal 2009.

Cash Flow

     Net cash provided by operating activities for the fiscal quarter increased by $10.5 million over the same period last year primarily as a result of the increases in net income and accounts payable and accrued liabilities, which were partially offset by the increase in inventories. The Company’s capital expenditures were $15.3 million in the first quarter of fiscal 2010 versus $12.7 million in fiscal 2009’s first quarter.

Page 2 of 8

ABOUT CHICO’S FAS, INC.

The Company is a women’s specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The Company operates 1,104 specialty stores, including stores in 48 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.

The Chico’s brand currently operates 598 boutique and 50 outlet stores, publishes a catalog during key shopping periods throughout the year, and conducts e-commerce at www.chicos.com.

White House | Black Market currently operates 334 boutique and 17 outlet stores, publishes a catalog highlighting its latest fashions and conducts e-commerce at www.whitehouseblackmarket.com.

Soma Intimates is the Company’s developing concept with 100 boutique stores and 5 outlet stores today. Soma Intimates also publishes a catalog for its customers and conducts e-commerce at www.soma.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 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 on Chico’s FAS, Inc., please go to our corporate website, www.chicosfas.com.

(Financial Tables Follow)

Page 3 of 8

Chico’s FAS, Inc.
Consolidated Statements of Income
(Unaudited)
(in thousands, except per share amounts)

	Thirteen Weeks Ended
	May 1, 2010				May 2, 2009
			% of				% of
	Amount		Sales		Amount		Sales
Net Sales:
Chico’s/Soma Intimates	$	336,700		69.9	$	287,922		70.1
White House | Black Market		144,888		30.1		122,721		29.9
Net sales		481,588		100.0		410,643		100.0
Cost of goods sold		200,008		41.5		177,255		43.2
Gross margin		281,580		58.5		233,388		56.8
Selling, general and administrative expenses:
Store operating expenses		168,648		35.0		160,195		39.0
Marketing		29,080		6.0		17,834		4.3
National Store Support Center		28,800		6.0		25,534		6.2
Impairment charges		—		—		8,058		2.0
Total selling, general and administrative expenses		226,528		47.0		211,621		51.5
Income from operations		55,052		11.5		21,767		5.3
Interest income, net		450		0.0		1,022		0.2
Income before income taxes		55,502		11.5		22,789		5.5
Income tax provision		20,100		4.1		8,300		2.0
Net income	$	35,402		7.4	$	14,489		3.5
Per share data:
Net income per common share—basic	$	0.20			$	0.08
Net income per common and common equivalent share—diluted	$	0.20			$	0.08
Weighted average common shares outstanding—basic		177,336				177,221
Weighted average common and common equivalent shares outstanding—diluted		178,833				177,692
Dividends declared per share	$	0.08				—

Page 4 of 8

Chico’s FAS, Inc.
Consolidated Balance Sheets
(in thousands)

	May 1,			January 30,			May 2,
	2010			2010			2009
	(Unaudited)						(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$	32,694		$	37,043		$	95,394
Marketable securities, at fair value		449,167			386,500			229,585
Receivables		3,857			3,922			31,387
Income tax receivable		631			312			1,055
Inventories		160,448			138,516			145,777
Prepaid expenses		25,546			24,023			24,250
Deferred taxes		10,684			9,664			16,807
Total Current Assets		683,027			599,980			544,255
Property and Equipment:
Land and land improvements		22,043			21,978			18,763
Building and building improvements		82,440			82,169			74,562
Equipment, furniture and fixtures		398,132			388,392			376,827
Leasehold improvements		414,369			412,834			417,427
Total Property and Equipment		916,984			905,373			887,579
Less accumulated depreciation and amortization		(405,140	)		(383,844	)		(347,764	)
Property and Equipment, Net		511,844			521,529			539,815
Other Assets:
Goodwill		96,774			96,774			96,774
Other intangible assets		38,930			38,930			38,930
Deferred taxes		38,755			36,321			36,304
Other assets, net		25,119			25,269			4,757
Total Other Assets		199,578			197,294			176,765
	$	1,394,449		$	1,318,803		$	1,260,835
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	101,570		$	79,219		$	69,114
Accrued liabilities		126,720			95,862			102,160
Current portion of deferred liabilities		19,622			19,625			18,952
Total Current Liabilities		247,912			194,706			190,226
Noncurrent Liabilities:
Deferred liabilities		139,600			142,179			155,073
Stockholders’ Equity:
Common stock		1,787			1,781			1,773
Additional paid-in capital		272,153			268,109			257,247
Retained earnings		732,741			711,624			656,467
Other accumulated comprehensive income		256			404			49
Total Stockholders’ Equity		1,006,937			981,918			915,536
	$	1,394,449		$	1,318,803		$	1,260,835

Page 5 of 8

Chico’s FAS, Inc.
Consolidated Cash Flow Statements
(Unaudited)
(in thousands)

	Thirteen Weeks Ended
	May 1,			May 2,
	2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	35,402		$	14,489
Adjustments to reconcile net income to net cash provided by operating activities —
Depreciation and amortization		23,362			24,631
Deferred tax (benefit) expense		(3,640	)		3,206
Stock-based compensation expense		2,831			2,129
Excess tax benefit from stock-based compensation		(707	)		—
Impairment charges		—			8,058
Deferred rent expense, net		299			632
Loss on disposal of property and equipment		1,588			750
Decrease (increase) in assets —
Receivables, net		65			2,606
Income tax receivable		(319	)		10,651
Inventories		(21,932	)		(13,364	)
Prepaid expenses and other		(1,373	)		(2,204	)
Increase in liabilities —
Accounts payable		15,203			12,572
Accrued and other deferred liabilities		28,684			4,848
Total adjustments		44,061			54,515
Net cash provided by operating activities		79,463			69,004
CASH FLOWS FROM INVESTING ACTIVITIES:
(Purchases) sales of marketable securities		(62,816	)		12,482
Purchases of property and equipment		(15,264	)		(12,709	)
Net cash used in investing activities		(78,080	)		(227	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		920			138
Excess tax benefit from stock-based compensation		707			—
Dividends paid		(7,136	)		—
Repurchase of common stock		(223	)		(70	)
Net cash (used in) provided by financing activities		(5,732	)		68
Net (decrease) increase in cash and cash equivalents		(4,349	)		68,845
CASH AND CASH EQUIVALENTS, Beginning of period		37,043			26,549
CASH AND CASH EQUIVALENTS, End of period	$	32,694		$	95,394

Page 6 of 8

SEC Regulation G — The Company reports its consolidated financial results in accordance with generally accepted accounting principles (GAAP). However, to supplement these consolidated financial results, management believes that certain non-GAAP operating results, which exclude impairment and certain other non-recurring charges, may provide a more meaningful measure on which to compare the Company’s results of operations between periods. The Company believes these non-GAAP results provide useful information to both management and investors by excluding certain expenses that impact the comparability of the results. A reconciliation of net income and earnings per diluted share on a GAAP basis to net income and earnings per diluted share on a non-GAAP basis is presented in the table below:

Chico’s FAS, Inc.
Non-GAAP to GAAP Reconciliation of Net Income and Diluted EPS
(in thousands, except per share amounts)

Thirteen Weeks Ended May 2, 2009

Net income:
GAAP basis	$	14,489
Add: Impact of impairment charges		8,058
Less: Tax effect on impairment charges		(2,933	)
Non-GAAP adjusted basis	$	19,614
Net income per diluted share:
GAAP basis	$	0.08
Add: Impact of impairment charges, net of tax		0.03
Non-GAAP adjusted basis	$	0.11

Page 7 of 8

Chico’s FAS, Inc.
Boutique Count and Square Footage
As of May 1, 2010

	Beginning		New					As of
	of 2010		Stores		Closures			5/1/2010
Store count:
Chico’s frontline boutiques		599		—		(1	)		598
Chico’s outlets		44		6		—			50
WH|BM frontline boutiques		333		2		(1	)		334
WHBM outlets		17		—		—			17
Soma frontline boutiques		83		12		—			95
Soma outlets		4		1		—			5
Total Chico’s FAS		1,080		21		(2	)		1,099

								Remodels/
								Relos and
	Beginning		New					change in			As of
	of 2010		Stores		Closures			SSF			5/1/2010
Net selling square footage:
Chico’s frontline boutiques		1,610,498		—		(2,325	)		472			1,608,645
Chico’s outlets		121,554		14,266		—			—			135,820
WH|BM frontline boutiques		684,964		4,698		(2,177	)		—			687,485
WHBM outlets		32,712		—		—			—			32,712
Soma frontline boutiques		161,541		24,544		—			(2,269	)		183,816
Soma outlets		7,461		1,816		—			—			9,277
Total Chico’s FAS		2,618,730		45,324		(4,502	)		(1,797	)		2,657,755

Page 8 of 8