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BRIEF-Chico's Fas expects to open about 10 stores while closing 50 stores

March 7 Chico's Fas Inc:

* Chico's Fas - in fiscal 2017, co anticipates opening about 10 stores while closing 50 stores in its efforts to continue capital allocation and cost reduction initiatives

* Chico's Fas - in fiscal 2017, co anticipates 14-18 net closures of Chico's stores, 14-18 net closures of WHBM stores, and 6-10 net closures of Soma Stores

* Chico's Fas - co's unaffiliated franchisee expects to continue opening franchise locations in Mexico Source text: (bit.ly/2lUMOLG) Further company coverage:

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