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For fiscal 2012, including Boston Proper, Chico's FAS, Inc.
CHS planning assumptions are as follows:
Net sales increase at a mid to high teens percentage rate to approximately $2.5 to 2.6 billion, which includes comparable sales growth at a mid single digit rate, approximately 9% growth in store square footage and approximately $30 million in sales from the 53rd week;
Gross margin rate down approximately 50 basis points;
SG&A expense, as a percentage of net sales, down approximately 50 basis points;
Effective tax rate approximately 38%;
Inventories in-line with sales growth; and
Capital expenditures approximately $150 million, which include 120 to 130 gross new stores.
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