Exhibit 99.1

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

Chico’s FAS, Inc. Reports Fourth Quarter Results

Fort Myers, FL – February 27, 2014 – Chico’s FAS, Inc. (NYSE: CHS) today announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014.

For the thirteen weeks ended February 1, 2014 (the fourth quarter), the Company reported adjusted net income of $5.9 million compared to adjusted net income of $32.7 million for the fourteen weeks ended February 2, 2013, and fourth quarter 2013 adjusted earnings per diluted share of $0.04 compared to adjusted earnings per diluted share of $0.20 in last year’s fourth quarter. The adjusted results exclude the fourth quarter 2013 impact of tax charges related to the Boston Proper non-cash goodwill impairment charge recorded in the third quarter of 2013 and the fourth quarter 2012 impact of non-recurring acquisition and integration costs, as presented in the accompanying GAAP to non-GAAP reconciliation. Including the fourth quarter 2013 tax impact of the non-cash goodwill impairment charge of $6.2 million, or $0.04 per diluted share, and the fourth quarter 2012 impact of non-recurring acquisition and integration costs of $1.2 million after tax, or $0.01 per diluted share, the Company reported a fourth quarter 2013 net loss of $0.3 million, or $0.00 per diluted share compared to fourth quarter 2012 net income of $31.5 million, or $0.19 per diluted share.

For the fifty-two weeks ended February 1, 2014 (fiscal 2013), the Company reported adjusted net income of $137.0 million compared to adjusted net income of $182.2 million for the fifty-three week year ended February 2, 2013 (fiscal 2012), and fiscal 2013 adjusted earnings per diluted share of $0.85 compared to adjusted earnings per diluted share of $1.09 in fiscal 2012. The adjusted results exclude the fiscal 2013 impact of Boston Proper non-cash goodwill and trade name impairment charges and the fiscal 2013 and 2012 impact of non-recurring acquisition and integration costs, as presented in the accompanying GAAP to non-GAAP reconciliation. Including the fiscal 2013 impact of the Boston Proper non-cash goodwill and trade name impairment charges of $70.5 million after tax, or $0.44 per diluted share, and non-recurring acquisition and integration costs in fiscal 2013 and 2012 of $0.6 million after tax, or $0.00 per diluted share, and $2.0 million after tax, or $0.01 per diluted share, respectively, the Company reported fiscal 2013 net income of $65.9 million, or $0.41 per diluted share compared to fiscal 2012 net income of $180.2 million, or $1.08 per diluted share.

Net Sales

For the fourth quarter, net sales were $610.2 million, a decrease of 6.4% compared to $651.9 million in last year’s fourth quarter, primarily reflecting 115 net new stores for a square footage increase of 8.4%, offset by a decrease in comparable sales and approximately $38 million attributable to the fifty-third week of fiscal 2012. Comparable sales for the fourth quarter decreased 3.4% following a 3.7% increase in last year’s fourth quarter, reflecting lower average dollar sale and transaction count, primarily as a result of the impact of a highly promotional environment in response to lower traffic. The fifty-third week in fiscal 2012 is excluded from comparable sales calculations.

For the fourth quarter, the Chico’s/Soma Intimates brands’ comparable sales decreased 1.5% following a 2.3% increase in last year’s fourth quarter for a two-year stack of up 0.8%. The Chico’s brand experienced a low-single digit comparable sales decrease in the fourth quarter compared to flat comparable sales in last

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year’s fourth quarter and the Soma Intimates brand experienced a mid-single digit comparable sales increase in the fourth quarter compared to a double-digit increase in last year’s fourth quarter. The White House | Black Market brand’s comparable sales decreased 6.6% following a 6.3% increase in last year’s fourth quarter for a two-year stack of down 0.3%. Boston Proper net sales decreased $9.7 million, primarily reflecting decreased customer demand.

For fiscal 2013, net sales were $2.586 billion, an increase of 0.2% compared to $2.581 billion in fiscal 2012, primarily reflecting 115 net new stores for an 8.4% square footage increase, substantially offset by a decrease in comparable sales and net sales of approximately $38 million attributable to the fifty-third week of fiscal 2012. Comparable sales for 2013 decreased 1.8% following a 7.2% increase in 2012, reflecting lower average dollar sale, partially offset by higher transaction count, primarily as a result of the impact of a highly promotional environment in response to lower traffic and the cycling of strong comparable sales last year. The fifty-third week in fiscal 2012 is excluded from comparable sales calculations.

For fiscal 2013, the Chico’s/Soma Intimates brands’ comparable sales decreased 2.7% following a 7.5% increase in 2012 for a two-year stack of up 4.8%. The Chico’s brand experienced a mid-single digit comparable sales decrease compared to a mid-single digit increase last year and the Soma Intimates brand experienced a mid-single digit comparable sales increase compared to a double-digit increase last year. The White House | Black Market brand’s comparable sales for fiscal 2013 were flat following a 6.5% increase in 2012 for a two-year stack of up 6.5%. Boston Proper net sales decreased $26.9 million, primarily reflecting decreased customer demand and the adverse impact of post-acquisition information systems conversions in early 2013.

Gross Margin

For the fourth quarter, gross margin was $309.6 million compared to $346.7 million in last year’s fourth quarter. Gross margin was 50.7% of net sales, a 250 basis point decrease from last year’s fourth quarter, primarily reflecting increased promotional activity in response to lower traffic, partially offset by lower incentive compensation as a percent of net sales.

Selling, General and Administrative Expenses

For the fourth quarter, selling, general and administrative expenses (“SG&A”) were $302.4 million compared to $296.1 million in last year’s fourth quarter. SG&A was 49.5% of net sales, a 410 basis point increase from last year’s fourth quarter, primarily reflecting sales deleverage of store and marketing expenses and the impact of investment spending on strategic initiatives, partially offset by lower incentive compensation as a percent of net sales.

Goodwill Impairment Charge

The fourth quarter 2013 results included a $6.2 million income tax charge, or $0.04 per diluted share, related to the Boston Proper non-cash goodwill impairment recorded in the third quarter of 2013.

Income Tax Provision

The fourth quarter income tax provision of $7.7 million, an effective tax rate of 104.7%, reflected the impact of the Boston Proper goodwill impairment charge on the annual effective tax rate. Excluding the tax impact of the impairment charge, the fourth quarter effective tax rate would have been 20.0% compared to an effective tax rate of 35.7% for the same period last year, primarily reflecting favorable tax settlements and credits.

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Inventories

In-store inventories per square foot decreased 0.8% when compared to the comparable period last year for a two year decline of 1.1%. At the end of the fourth quarter, total inventories increased $10.2 million, or 5%, over the same period last year, when excluding $11.0 million related to 115 net new stores and $10.1 million related to the impact of the Chinese New Year shifting from February 10, 2013 to January 31, 2014 to ensure timely seasonal receipts.

Share Repurchase Program

During the fourth quarter of fiscal 2013, the Company repurchased 6.7 million shares for $125.0 million under its $300 million share repurchase program announced in February 2013. During fiscal 2013 and fiscal 2012, the Company repurchased a total of 13.8 million shares for $245.0 million and 6.3 million shares for $107.4 million, respectively.

On December 19, 2013, the Company announced that its Board approved a new $300 million share repurchase program of our outstanding common stock and cancelled in its entirety the prior $300 million share repurchase program, effective December 19, 2013. The entire $300 million remained available at the end of the fourth quarter.

ABOUT CHICO’S FAS, INC.

The Company, through its brands – Chico’s, White House | Black Market, Soma Intimates, and Boston Proper, is a leading omni-channel specialty retailer of women’s private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items.

As of February 1, 2014, the Company operated 1,472 stores in the US and Canada. The Company’s merchandise is also available at www.chicos.com, www.whbm.com, www.soma.com, and www.bostonproper.com. For more detailed information on Chico’s FAS, Inc., please go to our corporate website at www.chicosfas.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.

(Financial Tables Follow)

Executive Contact:

Todd Vogensen

Senior Vice President- Finance

Chico’s FAS, Inc.

(239) 346-4199

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Chico’s FAS, Inc. and Subsidiaries Condensed

Consolidated Statements of Income (Loss)

(Unaudited)

(in thousands, except per share amounts)

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Chico’s FAS, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

(in thousands)

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Chico’s FAS, Inc. and Subsidiaries

Condensed Consolidated Cash Flow Statements

(Unaudited)

(in thousands)

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Supplemental Detail on Earnings Per Share Calculation

In accordance with accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of basic earnings per share pursuant to the “two-class” method. For the Company, participating securities are comprised of unvested restricted stock awards.

Earnings per share is determined using the two-class method, as it is more dilutive than the treasury stock method. Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects the dilutive effect of potential common shares from securities such as stock options and performance-based restricted stock units (“PSUs”). For the thirteen weeks ended February 1, 2014, potential common shares from securities such as stock options and PSUs were excluded from the computation of diluted EPS because they were antidilutive.

The following unaudited table sets forth the computation of basic and diluted earnings per share shown on the face of the accompanying condensed consolidated statements of income:

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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 results, which exclude certain non-recurring charges including goodwill and trade name impairment and acquisition and integration costs, 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. and Subsidiaries

GAAP to Non-GAAP Reconciliation of Net Income (Loss) and Diluted EPS

(Unaudited)

(in thousands, except per share amounts)

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Chico’s FAS, Inc. and Subsidiaries

Store Count and Square Footage

Thirteen Weeks Ended February 1, 2014

(Unaudited)

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Chico’s FAS, Inc. and Subsidiaries

Store Count and Square Footage

Fifty-Two Weeks Ended February 1, 2014

(Unaudited)

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