JoS. A. Bank Clothiers Appoints Byron "Bud" Bergren to Its Board of Directors
04 Septembre 2013 - 10:05PM
New Independent Director Brings a Wealth
of Experience in Apparel Retail
Former CEO of Bon-Ton Stores, Bergren
Successfully Led Cost Reduction and Acquisition Integration
Efforts
JoS. A. Bank Clothiers, Inc. (Nasdaq:JOSB) today announced that
Byron "Bud" Bergren, who has extensive executive management
experience in the apparel retail industry, has been appointed to
the Board of Directors, effective immediately. Mr. Bergren will
also serve on the Audit Committee.
Mr. Bergren, was formerly Chairman of the Board of Bon-Ton
Stores, a retailer with over 271 department stores offering fashion
apparel as well as cosmetics and home furnishings, from February
2012 to June 2013. From 2002 to 2011, he served as President and
Chief Executive Officer of Bon-Ton, successfully streamlining the
organization to reduce costs and leading the company's acquisition
of SAKS - Northern Department Store Group. Mr. Bergren received a
B.S. degree from St. Cloud State University. He served on the Board
of Directors of the National Retail Federation from 2008 to
2012.
"We are very pleased to welcome Bud Bergren as an independent
member of our Board of Directors. The Company is extremely
fortunate to have the benefit of Bud's deep knowledge of the retail
and apparel industries and his successful experience with
acquisition integration. His contribution will be invaluable to us
as we continue to execute our long-term strategies for profitable
growth and increased shareholder value," said Robert N. Wildrick,
Chairman of the Board of Jos. A. Bank Clothiers.
With the addition of Mr. Bergren, the Board comprises seven
directors, five of whom are independent as defined in the NASDAQ
Stock Market Rules.
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 617 stores in 44 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."
Our 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 forecasted due to a variety of factors
outside of our control that can affect our operating results,
liquidity, and financial condition. Such factors include risks
associated with the economy, 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 our
growth strategy (including our ability to finance our 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 our
marketing programs (including compliance with relevant legal
requirements), the availability of suitable lease sites for new
stores, doing business on an international basis, the ability to
source product from our global supplier base, legal and regulatory
matters and other competitive factors. The identified risk factors
and 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, but not limited to, those
described under "Risk Factors" in our Annual Report on Form 10-K
for the year ended February 2, 2013 and our Quarterly Report on
Form 10-Q filed through the date hereof. These cautionary
statements qualify all of the forward-looking statements we make
herein. We cannot assure you that the results or developments
anticipated by us will be realized or, even if substantially
realized, that those results or developments will result in the
expected consequences for us or affect us, our business or our
operations in the way we expect. We caution you not to place undue
reliance on these forward-looking statements, which speak only as
of their respective dates. Interim period sales are not necessarily
indicative of sales expected for the full quarter. Furthermore,
sales are just one component of earnings and no projection of
earnings should be inferred from any discussion of interim period
sales or other information in this release. We do not undertake an
obligation to update or revise any forward-looking statements to
reflect actual results or changes in our assumptions, estimates or
projections. These risks should be carefully reviewed before making
any investment decision.
CONTACT: JoS. A. Bank Clothiers, Inc., Hampstead, Md.
David E. Ullman
EVP/CFO
410-239-5715
or Investor Relations Information Request Website
(http://phx.corporate-ir.net/phoenix.zhtml?c=113815&p=irol-inforeq),
or Investor Relations Voicemail, 410-239-5900
E-commerce Address for JoS. A. Bank Clothiers, Inc.:
www.josbank.com
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024