JoS. A. Bank Clothiers Plans 46 New Stores in the Second Half; At Least 25 New Stores Opening in the Third Quarter
25 Août 2005 - 11:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market:JOSB)
announces that it plans to open approximately 46 new stores in the
second half of fiscal 2005, including at least 25 stores in the
third quarter. With these additional new stores, the Company will
achieve the opening of 60 new stores in fiscal 2005. The Company
plans to grow the chain to approximately 500 stores over the next
three to four years. "With our strong sales trends and continued
profit growth, we are very encouraged as we execute our plan to
become the dominant menswear brand in the United States," stated
Robert N. Wildrick, Chief Executive Officer of JoS. A. Bank
Clothiers, Inc. The most recent stores have been opened in the
following locations in the third quarter: -- Arlington Town Center
in Arlington Heights, IL -- Shoppes at College Hills in Normal, IL
-- Waterford Commons in Waterford, CT -- Abercorn Walk in Savannah,
GA 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 287 stores in 38 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 as 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. 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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