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4-Traders Homepage  >  Equities  >  Nyse  >  Chico's FAS, Inc.    CHS

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Chico FAS : How to… Plan the perfect company party

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02/10/2017 | 02:50am CET

Jessica Wells, vice president of corporate communications and public relations for Fort Myers-based retailer Chico's FAS Inc., says company parties are embedded in the company's culture and "provide camaraderie and a greater sense of community within the workplace."

Some of Wells' tips for planning a topnotch company party include:

* Identify the goal of the party, whether it's for a holiday event, team building, employee recognition or something else.

* Consider the elements: number of attendants, style, atmosphere, catering and audio-visual needs.

* Wells, in an email response to questions, says Chico's is "committed to a culture of inclusion and plan all events with this commitment in mind." For instance, when selecting the menu, Wells ensures choices are well-rounded to accommodate diet restrictions, whether health or religious-based. An example: a fruit option in addition to classic sweets.

* Ask employees what they like and value, says Wells. That will assist in wiser spending. For example, a casual, yet festive hot cocoa bar at the Chico's holiday party expanded the budget for raffles and prizes. "Your budget should be contingent on the vision and experience you're trying to create for your employees," says Wells;

* Wells says a mistake is to plan and execute without help. Instead, "create a time and action plan to keep you organized throughout the planning stage," she says;

* Keep a small "slush" fund set aside for unforeseen costs, Wells suggests, because everything won't go as planned. "Realize and accept that something will go wrong," she says. "Being flexible and proactive is important."

* Wells attributes Chico's success in creating memorable events to her team's belief in "mixing it up" with amusing contests, team challenges and bonding through philanthropy. "Charity tie-ins can be very impactful," Wells says. "People love to give back."

A key part to planning a great office party is not the event itself, but the attitude at the top. She cites an unforgettable Chico's moment when the company hired a Mariachi band to commemorate the CEO's anniversary. "When associates see their leaders having fun," she says, "it sets the tone for the event." - Alicia Ceccarelli

© Copyright, 2017, Business Observer (Sarasota, FL), All Rights Reserved., source Newspapers

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Financials ($)
Sales 2017 2 471 M
EBIT 2017 155 M
Net income 2017 89,0 M
Finance 2017 94,9 M
Yield 2017 2,10%
P/E ratio 2017 21,40
P/E ratio 2018 16,01
EV / Sales 2017 0,69x
EV / Sales 2018 0,67x
Capitalization 1 811 M
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Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 15,4 $
Spread / Average Target 10%
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Managers
NameTitle
Shelley G. Broader President, Chief Executive Officer & Director
David F. Walker Chairman
Todd E. Vogensen Chief Financial Officer & Executive Vice President
Ann Elizabeth Joyce Chief Information Officer & Executive VP
John J. Mahoney Independent Non-Employee Director
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