JoS. A. Bank Clothiers Reports 13.3% Gain in February 2007 Sales; Comparable Store Sales Rise 2.8%
08 Mars 2007 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: "JOSB")
announces that its total sales for the four weeks ended March 3,
2007 (fiscal February 2007) increased 13.3% to $38.3 million, as
compared with $33.8 million for the four weeks ended February 25,
2006 (fiscal February 2006). Comparing fiscal February 2007 with
fiscal February 2006, comparable store sales increased 2.8% and
combined catalog and Internet sales increased 28.2%. 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 380 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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