NEEDHAM, MA. - March 15, 2011 - PTC (Nasdaq: PTC), The Product Development Company, today announced that Chico's FAS, Inc. has selected PTC FlexPLM Product Lifecycle Management (PLM) Software (PLM) software to harmonize operations across category, brand, and departments. By choosing PTC FlexPLM across all of its brands, including Chico's, White House|Black Market and Soma Intimates, the company is demonstrating a commitment to increase operational and inventory efficiency and reduce development time and production cost.
"When evaluating PLM vendors, we wanted software that was not only going to help us drive productivity and reduce costs, but we wanted a solution that was going to be easy to use," said Krissy Blakeway, senior vice president of Chico's design and product development. "As the technology leader, PTC was the unanimous choice of our user community. We believe that as we move forward and standardize on PTC Windchill FlexPLM, our ability to be first to market with the latest fashion will be enhanced."
The retail industry is currently facing a number of hurdles, some of the most challenging being margin management/reduced product cost, inventory efficiency and productivity. By implementing PTC Windchill FlexPLM, Chico's expects to realize reductions in materials costs, cycle times and product development costs.
"PTC fully understands the retail industry pain points and we work closely with our customers to not only help them overcome those existing challenges, but to look ahead, anticipate needs and innovate," said Kathleen Mitford, vice president, market strategy, PTC. "Chico's FAS, Inc. is already a leader and by standardizing on PTC Windchill, the company will be able to continue to expand its position by realizing the benefits of margin improvement, cycle reduction time and personal productivity gains."
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 1,152 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 596 boutique and 65 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 342 boutique and 21 outlet stores, publishes a catalog highlighting its latest fashions and conducts e-commerce at www.whbm.com.
Soma Intimates is the Company's developing concept with 120 boutique and 21 outlet stores today. Soma Intimates also publishes a catalog for its customers and conducts e-commerce at www.soma.com.
PTC (Nasdaq: PTC), The Product Development Company, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. Using the company's tightly integrated CAD and enterprise PLM solutions, organizations are better able to create and manage product information throughout the lifecycle for optimal product development success.
The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.
PTC, The Product Development Company, Windchill, FlexPLM and all other PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.