 Chico's FAS Inc announced that it is implementing JDA Enterprise Planning, JDA Assortment Planning and JDA Allocation in order to increase sales and better manage inventories across its three women's retail brands, Chico's, White House | Black Market and Soma Intimates.After conducting a benchmarking study, the Company concluded that JDA is the recognized leading provider of merchandising planning and allocation software for retailers. Developed with several leading fashion retailers, JDA's Enterprise Planning applications provide strong support for dynamic attribute-based planning for products, location, and time, allowing retailers to plan using consumer-centric views of the data. The Company also said that as a result of its selection of the JDA software, it would recognize in its fiscal first quarter 2009 financial results, non-cash impairment charges based upon unaudited, preliminary estimates that are anticipated to be in the range of $5.0 million to $6.0 million, net of tax, or approximately $.03 per diluted share, related to the write-off of development costs of similar software applications that were being developed by the Company. | ||
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