JoS. A. Bank Clothiers Announces 12.1% Increase in December 2006 Sales; Comparable Store Sales Rise 1.4%
04 Janvier 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 December
30, 2006 ("fiscal December 2006") increased 12.1% to $102.1
million, as compared with $91.1 million in fiscal December 2005.
Comparable store sales increased 1.4% in fiscal December 2006, as
compared with fiscal December 2005. Combined catalog and Internet
sales increased 20.0% in fiscal December 2006, as compared with the
same prior year period. Comparing the fiscal eleven months ended
December 30, 2006 with the same prior year period, total sales
increased 16.4% to $505.0 million from $433.8 million; comparable
store sales increased 5.1%; and combined catalog and Internet sales
increased 21.5%. 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 372 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 anticipated
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, fashion 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 our
business or future financial results are detailed in our 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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