The company will open 25 to 35 new units next year, comparedwith the 38 to 45 stores to open by the end of this year.

|

"The number could be more or less, depending on economicconditions," said Robert N. Wildrick, CEO and executive chairman."It's clear that real estate development has slowed, and we willnot open new stores just to hit a number."

|

However, he noted, landlords have been "much easier to dealwith" given the chain's strong balance sheet. And some good siteshave opened up because of bankruptcies.

|

For the quarter, net income was $8.9 million, up from $8.2million in the second quarter of fiscal year 2007. Total sales were$152.7 million, up 13.7% from the previous year. Comparable storesales increased 6.8%.

|

JoS. A. Bank Clothiers operates 447 stores in 42 states and theDistrict of Columbia.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.