JoS. A. Bank Clothiers Announces 11.5% Increase in June 2007 Sales; Comparable Store Sales Rise 0.4%
12 Luglio 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 July
7, 2007 (fiscal June 2007) increased 11.5% to $53.2 million versus
$47.7 million in the fiscal month ended July 1, 2006 (fiscal June
2006). Comparable store sales gained 0.4% in fiscal June 2007, as
compared with fiscal June 2006, while Direct Marketing sales
increased 32.9%. Comparing the five fiscal months ended July 7,
2007 with the five fiscal months ended July 1, 2006, total net
sales increased 15.2% to $228.1 million from $198.0 million;
comparable store sales increased 4.8%; and Direct Marketing sales
increased 22.6%. 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 389 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 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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