JoS. A. Bank Clothiers launches first factory concept store

15 Jul '10

2 min read

JoS. A. Bank Clothiers, Inc. announces that the Company has opened its first factory concept store. The Company's new store in Riverhead, New York is the first of five stores the Company plans to open in fiscal year 2010 as part of the test phase of its new factory store concept. In addition, the Company also announces that it has launched a new website, dedicated to the products offered under this new factory store concept.

"We are excited about kicking off our factory store initiative," commented R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. "We believe this concept could represent a significant long-term opportunity for the Company and could result in an additional 50-75 factory stores in the U.S. Further, we feel that the locations we have chosen as part of the initial test phase reflect a good representation of the target market," continued Mr. Black.

The first factory store opened is in the following location:

• Tanger Outlets - Riverhead, Riverhead, NY

Additionally, future factory stores for which leases have been signed are planned to open in July 2010 at the following locations:

• Jersey Shore Premium Outlets, Tinton Falls, New Jersey
• Philadelphia Premium Outlets, Limerick, Pennsylvania

The remaining two factory stores which the Company expects to open in fiscal year 2010 are planned for locations in Texas and Maryland.

JoS. A. Bank Clothiers Inc

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