LOS ANGELES, CA, Apr 19, 2010 (MARKETWIRE via COMTEX) --Joe's Jeans Inc. (the "Company") (NASDAQ: JOEZ) announced today
that it has opened its ninth Joe's(R) branded store. The new store is
located at Carlsbad Premium Outlets(R), a major international
shopping destination and coastal resort city. The outlet center is
home to 90 of the finest branded outlet stores and joins venerable
retailers such as Barney's New York, Theory and Coach in the center.
Marc Crossman, President and CEO, commented, "We continue to hit our
target opening dates with our stores and are excited about the
prospects for this store with its proximity to the major tourist
attractions of San Diego and located in an upscale Southern
California community." Crossman continued, "We are pleased that we
are able to open this store so quickly behind our Seattle and Desert
Hills stores and continue to believe in the strength of our branded
outlet strategy for growth in 2010."
About Joe's Jeans Inc.
Joe's Jeans Inc. designs, produces and sells apparel and
apparel-related products to the retail and premium markets under the
Joe's(R) brand and related trademarks. More information is available
at the company website at www.joesjeans.com.
This release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. The matters discussed in this
document involved estimates, projections, goals, forecasts,
assumptions, risks and uncertainties that could cause actual results
or outcomes to differ materially from those expressed in the
forward-looking statements. All statements in this news release that
are not purely historical facts are forward-looking statements,
including statements containing the words "intend," "believe,"
"estimate, "project," "expect" or similar expressions. Any
forward-looking statement inherently involves risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements. Factors that would cause or contribute to
such differences include, but are not limited to: the risk that the
Company will be unsuccessful in gauging fashion trends and changing
customer preferences; the risk that changes in general economic
conditions, consumer confidence, or consumer spending patterns will
have a negative impact on the Company's financial performance or
strategies; the highly competitive nature of the Company's business
in the United States and internationally and its dependence on
consumer spending patterns, which are influenced by numerous other
factors; the Company's ability to respond to the business environment
and fashion trends; continued acceptance of the Joe's(R) brand in the
marketplace; successful implementation of any growth or strategic
plans; effective inventory management; the Company's ability to
continue to have access on favorable terms to sufficient sources of
liquidity necessary to fund ongoing cash requirements of its
operations, which access may be adversely impacted by a number of
factors, including the reduced availability of credit generally and
the substantial tightening of the credit markets, including lending
by financial institutions, who are sources of credit for the Company,
the recent increase in the cost of capital, the level of the
Company's cash flows, which will be impacted by the level of consumer
spending and retailer and consumer acceptance of its products; the
ability to generate positive cash flow from operations; competitive
factors, including the possibility of major customers sourcing
product overseas in competition with our products; the risk that acts
or omissions by the company's third party vendors could have a
negative impact on the company's reputation; a possible oversupply of
denim in the marketplace; and other risks. The Company discusses
certain of these factors more fully in its additional filings with
the SEC, including its last annual report on Form 10-K filed with the
SEC, and this release should be read in conjunction with that annual
report on Form 10-K, together with all of the Company's other
filings, including current reports on Form 8-K, made with the SEC
through the date of this release. The Company urges you to consider
all of these risks, uncertainties and other factors carefully in
evaluating the forward-looking statements contained in this release.
Any forward-looking statement is based on information current as of
the date of this document and speaks only as of the date on which
such statement is made, and the Company undertakes no obligation to
update these statements to reflect events or circumstances after the
date on which such statement is made. Readers are cautioned not to
place undue reliance on forward-looking statements.
Contact:
Joe's Jeans Inc.
Hamish Sandhu
323-837-3700
SOURCE: Joe's Jeans Inc.
