HAMPSTEAD, Md., Jan 7, 2002 (BUSINESS WIRE) -- Jos. A. Bank Clothiers, Inc.
(NASDAQ:JOSB), announced today that it has been selected as one of Internet
Retailer Magazine's Top 25 Retail Web Sites for 2002. The award recognizes
retailers who use the web successfully to "achieve a strategic goal" and that
represent "best practices" on the web.
Robert N. Wildrick, CEO, stated: "Our web site is a key part of our strategy to
grow our Company into the premiere menswear retailer in the country. Being
identified as having one of the top 25 web sites recognizes the excellent
execution of our internet team and our commitment to quality in every facet of
our business. Our internet sales have nearly doubled this year. It is a very
profitable business for us and we expect internet sales and profits to continue
to grow next year."
To access the Jos. A. Bank web site, go to www.josbank.com.
Jos. A. Bank Clothiers, Inc., established in 1905, is a multi-channel retailer
of men's classically-styled tailored and casual clothing, footwear and
accessories. The Company sells its full product line through 135 stores
nationwide, a nationwide catalog and an e-commerce website at www.josbank.com.
The Company is headquartered in Hampstead, Maryland.
The Company's statements concerning future operations contained in this press
release 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 that can adversely affect the
Company's operating results, liquidity and financial condition such as risks
associated with economic, weather and other factors affecting consumer spending,
the ability of the Company to finance its expansion plans, the mix of goods
sold, pricing, availability of lease sites for new stores and other competitive
factors. Many of the risks are described in the Company's reports filed with the
Securities and Exchange Commission, which should be carefully reviewed before
making any investment decision.
E-commerce Address: www.josbank.com
CONTACT: Jos. A. Bank Clothiers, Inc., Hampstead
Robert N. Wildrick, CEO, 410/239-5711
David E. Ullman, EVP/CFO, 410/239-5715
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