JoS. A. Bank Clothiers Sales Rise

Joe Bank (JOSB) is up 6% today. Here’s the story from AP:

Men’s clothing retailer JoS. A. Bank Clothiers Inc. said Thursday its same-store sales climbed 7.3 percent in April, easily topping Wall Street’s expectations for a 0.7 percent increase.
Same-store sales, or sales at stores open at least a year, are a key measure of retailer performance, because they measure growth at existing stores rather than from newly opened ones.
Total sales for the fiscal month ended May 5 surged 18.5 percent to $45.5 million from $38.4 million in the prior-year period.
Direct marketing sales grew 30 percent in April.

Posted by on May 10th, 2007 at 11:13 am


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