JoS. A. Bank Clothiers Announces 18.5% Increase in April 2007 Sales; Comparable Store Sales Rise 7.3%
10 Maggio 2007 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB")
announces that its total net sales for the fiscal month ended May
5, 2007 (fiscal April 2007) increased 18.5% to $45.5 million versus
$38.4 million in the fiscal month ended April 29, 2006 (fiscal
April 2006). Comparable store sales gained 7.3% in fiscal April
2007, as compared with fiscal April 2006, while Direct Marketing
sales increased 30.0%. Comparing the three fiscal months ended May
5, 2007 with the three fiscal months ended April 29, 2006, total
net sales increased 13.9% to $129.5 million from $113.7 million.
Comparing the three fiscal months ended May 5, 2007 with the
corresponding three fiscal months of the prior year, comparable
store sales increased 3.8% and Direct Marketing sales increased
20.7%. 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 385 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 February 3,
2007. 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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