Chico's Outfits for Growth With SAP18 May 2006
Continuing its strong track record of providing retail customers of all sizes around the world with best-in-class business software, SAP AG (NYSE: SAP) today announced that Chico's FAS, Inc. (NYSE: CHS), one of the fastest growing specialty retailers in the world, will implement SAP(R) for Retail to support its aggressive growth strategy. With integrated applications for merchandising, finance, procurement, supply chain management and product life-cycle management, SAP's retail solution portfolio will help Chico's gain an unified view across its multi-branded enterprise. The announcement was made at SAPPHIRE(R) '06, SAP's international customer conference, being held in Orlando, Florida, May 16-18.
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Operating nearly 800 stores in 47 states in the United States, Chico's has been very successful with its traditional business model of selling exclusively designed, private-label clothing and related accessories. As Chico's looks to continue its strong growth -- whether it decides to do so organically through same-store sales and new store sales, by way of acquisition or through introducing new brands to the market -- the retailer requires a flexible infrastructure that can scale as it grows.
Chico's will adopt the SAP NetWeaver(R) platform as the strategic foundation of its system, allowing the company to consolidate various disparate legacy systems onto a single, integrated platform. SAP for Retail will provide Chico's with comprehensive, real-time performance metrics combined with powerful planning capabilities designed to help retailers react quickly to changing market trends and customer demands.
Chico's conducted a thorough investigation and concluded that SAP for Retail was the best option to support its business and IT objectives.
"SAP understands retail and has demonstrated a strong commitment to our success," said Scott A. Edmonds, president and chief executive officer, Chico's FAS, Inc. "Chico's plans to utilize SAP for Retail to create a flexible business process platform for Chico's and to provide a key support for our growth into the next decade."
"SAP is honored to partner with one of the premier names in retail and the envy of the industry with its robust growth and customer-focused business model," said Bill McDermott, president and CEO, SAP Americas. "Our companies share much of the same commitment to our customers, and we look forward to building a strong relationship with Chico's and to helping Chico's realize its goals and continue to execute on its mission of providing excellent personalized service and a unique retail environment."
About Chico's FAS, Inc.
Chico's sells exclusively designed, private-label women's clothing and related accessories. The Company operates 789 women's specialty stores, including stores in 47 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House|Black Market, soma by Chico's, and Fitigues names. The Company owns 505 Chico's front-line stores, 31 Chico's outlet stores, 201 White House|Black Market front-line stores, 8 White House|Black Market outlet stores, 18 soma by Chico's stores, 11 Fitigues front-line stores and 1 Fitigues outlet stores; franchisees own and operate 14 Chico's stores. Established in 1983, Chico's began in a small store on Sanibel Island, Florida with Marvin and Helene Gralnick selling Mexican folk art and cotton sweaters.
About SAP(R) for Retail
SAP(R) for Retail is a solution portfolio that combines mySAP(TM) Business Suite applications with a broad set of integrated retail applications to help companies profitably serve consumer demand across multiple channels. With the acquisitions of Triversity and Khimetrics, SAP's end-to-end retail solution set now includes enhanced point-of-sale (POS) and demand intelligence capabilities. Today, more than 3,200 retailers worldwide are SAP customers, more than 470 of which are using merchandising-specific applications from the SAP for Retail solution portfolio. Built on the open architecture of the SAP NetWeaver(R) platform, SAP for Retail includes core capabilities for financial management, human resources, supplier relationship management and customer relationship management, as well as support for industry-specific merchandise management and planning, store and channel management, demand forecasting, replenishment, sophisticated allocation, workforce management, POS data management and radio frequency identification (RFID). (Additional information at http://www.sap.com/retail/ ).
About SAP
SAP is the world's leading provider of business software*. Today, more than 33,200 customers in more than 120 countries run SAP(R) applications -- from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com ).
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
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