JoS. A. Bank Ranked #14 on Forbes' Top 200 List; 5th Straight Year on the List
17 Novembre 2009 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market:
"JOSB") announces that it has been recognized as one of Forbes
Magazine's Top 200 Best Small Companies for 2009. The Company was
ranked number 14 among the 200 companies selected and was the
top-ranked apparel retailer on the list.
R. Neal Black, President and CEO of JoS. A. Bank, stated: “We
are honored to be recognized by a premier publication such as
Forbes Magazine as being one of the top small companies in America,
especially since we are one of the select companies who have made
the list five years in a row. Our strategy to consistently grow the
Company in a controlled manner has produced a strong sales,
earnings and cash flow performance over the past five years. During
this same five year period, we have added nearly $400 million in
sales and approximately 2,100 jobs, while growing our brand
throughout the United States.”
To be considered for this list, companies had to report annual
revenues between $5 million and $750 million, be publicly traded
for at least a year, have a stock price no lower than $5 per share
and have no looming accounting or legal troubles. The eligible
companies were selected and ranked based primarily on earnings
growth, sales growth and return on equity for the last 12 months
and for the past five years.
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the
nation's leading designers, manufacturers and retailers of men's
classically-styled tailored and casual clothing, sportswear,
footwear and accessories. The Company sells its full product line
through 472 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,
including negative changes to consumer confidence and other
recessionary pressures, 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 suitable lease
sites for new stores, doing business on an international basis, the
ability to source product from its global supplier base, legal
matters and other competitive factors. The identified risk factors
and 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 31,
2009 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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