JoS. A. Bank Clothiers Announces 10.1% Increase in March 2007 Sales; Comparable Store Sales Rise 1.4%
12 Aprile 2007 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB")
announces that its total sales for the fiscal month ended April 7,
2007 (fiscal March 2007) increased 10.1% to $45.7 million versus
$41.5 million in the fiscal month ended April 1, 2006 (fiscal March
2006). Comparable store sales gained 1.4% in fiscal March 2007, as
compared with fiscal March 2006, while Direct Marketing sales
increased 7.7%. Comparing the two fiscal months ended April 7, 2007
with the two fiscal months ended April 1, 2006, total net sales
increased 11.8% to $84.1 million from $75.2 million. Comparing the
two fiscal months ended April 7, 2007 with the corresponding two
fiscal months of the prior year, comparable store sales increased
2.0% and Direct Marketing sales increased 16.9% 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 382 stores in 42 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 Global Select 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, higher energy and security
costs, the successful implementation of the Company's growth
strategy including the ability of the Company to finance its
expansion plans, the mix and pricing of goods sold, the
effectiveness and profitability of new concepts, the market price
of key raw materials such as wool and cotton, seasonality,
merchandise trends and changing consumer preferences, the
effectiveness of the Company's marketing programs, the availability
of lease sites for new stores, the ability to source product from
its global supplier base, litigations and other competitive
factors. Other factors and risks that may affect the Company�s
business or future financial results are detailed in the Company�s
filings with the Securities and Exchange Commission, including the
Company's Annual Report on Form 10-K for the year ended January 28,
2006 and the Company's subsequent Quarterly Reports on Form 10-Q
filed through the date hereof. 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. The Company does not undertake an obligation to
update or revise any forward-looking statements to reflect actual
results or changes in the Company's assumptions, estimates or
projections. These risks should be carefully reviewed before making
any investment decision.
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