JoS. A. Bank Clothiers Announces 25.5% Increase in September Sales; Comparable Store Sales Increase 12.9%
06 Ottobre 2005 - 11:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ National Market: "JOSB")
announces that its total sales for the fiscal month ended October
1, 2005 (fiscal September 2005) increased 25.5% to $40.3 million
compared with $32.1 million in fiscal September 2004. Also,
comparable store sales increased 12.9%, while combined catalog and
internet sales increased 17.4% in fiscal September 2005, when
compared with fiscal September 2004. "The double-digit sales gains
were driven primarily by aggressive promotional activity that was
set in place to offset any potential impact of the hurricanes that
affected the country in September," stated David E. Ullman,
Executive Vice President - Chief Financial Officer of JoS. A. Bank
Clothiers, Inc. Total sales for the eight months ended October 1,
2005 increased 22.2% to $263.8 million compared with $215.8 million
in the comparable prior year period. Also, comparable store sales
increased 6.6%, while combined catalog and internet sales increased
24.7% in the eight months ended October 1, 2005, when compared with
the same prior year period. 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 296 stores in 39 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 factors include 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. Other factors and
risks that may affect our business or future financial results are
detailed in our filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended January 29, 2005. 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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