JoS. A. Bank Clothiers Announces 20.2% Increase in May Sales; Comparable Store Sales Increase 5.6%
02 Giugno 2005 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ National Market:JOSB)
announces that its total sales for the fiscal month ended May 28,
2005 (fiscal May 2005) increased 20.2% to $31.5 million compared
with $26.2 million in May 2004. Comparable store sales increased
5.6% when compared with the month of May 2004, while combined
catalog and internet sales increased 18.7%. Total sales for the
four months ended May 28, 2005 increased 20.7% to $128.1 million
compared with $106.1 million in the comparable prior year period.
Comparable store sales increased 4.4% in the four months ended May
28, 2005, while combined catalog and internet sales increased
24.3%. The Company noted that its suits, shirts and ties continued
to perform well, and spring sportswear and trousers were especially
strong. 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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