JoS. A. Bank Clothiers Listed as One of Business Week's ''Hot Growth Companies'' for Third Consecutive Year; Ranking of #52 of T
31 Maggio 2005 - 7:40PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market:JOSB)
announces that it has been named one of Business Week's "Hot Growth
Companies" for 2005. This is the third consecutive year that the
Company has been included in the annual Business Week award and the
Company has improved in the rankings set by Business Week. "We are
pleased to earn this ranking by one of America's finest business
publications for the third year in a row; especially since we are
one of only 16 companies out of the 10,000 that Business Week
analyzes to make the list three years in a row and one of only 29
companies able to repeat from last year," stated Robert N.
Wildrick, Chief Executive Officer of JoS. A. Bank Clothiers, Inc.
"Our brand has become nationally recognized as a premier upscale
men's clothier. We continue to focus on our Four Pillars of Success
as part of our goal to become the dominant menswear brand in the
United States. These Four Pillars include Quality, Service,
Inventory In-stock and Product Innovation. We plan to continue our
growth strategy by opening 60 to 75 stores this year as part of our
plan to expand to approximately 500 stores over the next three to
four years." JoS. A. Bank Clothiers was ranked #52 among the 100
top "Hot Growth Companies" that were selected by Business Week,
improving from #83 in 2004. Over 10,000 publicly-traded companies
were evaluated in the process. The selection process ranks
companies according to their three year results in sales growth,
earnings growth and return on invested capital, with return on
invested capital receiving the highest weighting. To qualify, a
company must have annual sales of more than $50 million and less
than $1.5 billion, a current market value greater than $25 million,
a current stock price of at least $5, and be actively traded, among
other criteria. JoS. A. Bank Clothiers, Inc., established in 1905,
is one of the nation's leading retailers of men's
classically-styled tailored and casual clothing, sportswear,
footwear and accessories. The Company sells its full product line
through 280 stores in 38 states and the District of Columbia, a
nationwide catalog, and an e-commerce website that can be accessed
at www.josbank.com. The Company is headquartered in Hampstead, MD,
and its common stock is listed on the NASDAQ National Market under
the symbol "JOSB". The Company's statements concerning future
operations contained herein are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those forecast due
to a variety of factors outside of the Company's control that can
affect the Company's operating results, liquidity and financial
condition such as risks associated with economic, weather, public
health and other factors affecting consumer spending, the ability
of the Company to finance its expansion plans, the mix and pricing
of goods sold, the market price of key raw materials such as wool
and cotton, availability of lease sites for new stores, the ability
to source product from its global supplier base and other
competitive factors. These cautionary statements qualify all of the
forward-looking statements the Company makes herein. The Company
cannot assure you that the results or developments anticipated by
the Company will be realized or, even if substantially realized,
that those results or developments will result in the expected
consequences for the Company or affect the Company, its business or
its operations in the way the Company expects. The Company cautions
you not to place undue reliance on these forward-looking
statements, which speak only as of their respective dates, and
assumes no obligation to update any of the forward-looking
statements. These risks should be carefully reviewed before making
any investment decision.
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