JoS. A. Bank Clothiers Promotes Two Key Executives to Vice President-Stores
10 Giugno 2005 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market:JOSB)
announces the promotion of two Divisional Vice Presidents in its
Store Operations team to the position of Vice President-Stores. The
move is designed to take proven leaders with superior sales results
and give them the responsibility over major growth areas of the
Company's store network. The two Vice Presidents will oversee an
average of 80 to 90 stores at this time and 125 to 150 in the next
three years. Reporting to each of the Vice Presidents will be a
team of regional sales directors providing direct store support.
"Customer service represents one of the 'Four Pillars of Success'
that serve as the foundation for our successful business strategy,"
stated Robert N. Wildrick, Chief Executive Officer of JoS. A. Bank
Clothiers, Inc. "We believe it is extremely important for a
premiere national specialty retailer to have top management with
decision-making authority close to its customers. We want to ensure
that we can respond to the needs of our customers and changes in
our marketplace in the most timely and effective manner possible."
The new Vice Presidents are Anne Bryan for the Southeast division
which includes Southern Virginia, North Carolina, South Carolina,
Georgia, Louisiana, Tennessee, Florida and Alabama, and Carol Moore
for the West division which includes California, Washington,
Arizona, Texas, Arkansas, Oklahoma, Kansas, Missouri, Nevada,
Colorado and Utah. 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 281 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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