JoS. A. Bank Clothiers Expands Its Internet Channel to Ship Orders to International Customers
May 03 2011 - 6:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: JOSB)
announces today that it has further enhanced its Internet channel
by allowing international customers to place orders on its
website.
JoS. A. Bank is now able to deliver website orders to customers
in over 90 countries. The orders may be placed directly by
international customers or by U.S. customers who wish to deliver
their orders to family or friends at international addresses.
Customers can place international orders directly through the
Company’s website at www.josbank.com either by accessing this site
from their local country or from the U.S. and then selecting the
shipping destination.
“Our Direct Marketing sales increased 50% in the fourth quarter
of fiscal year 2010 and we are very excited about this added
enhancement to our Internet channel,” commented R. Neal Black,
President and CEO of JoS. A. Bank Clothiers, Inc. “This increased
functionality will further extend the Jos. A. Bank brand to a
broader customer base and will allow us to capitalize on a market
that we were not able to serve in the past. Also, the enhancement
will provide an additional feature to our current customers in the
U.S. who want to deliver our products to family or friends in
foreign destinations. While it is very early in the process, we are
encouraged that we have already received orders from over 10
different countries,” continued Mr. Black.
The Company will utilize a third party provider, FiftyOne Global
Ecommerce (“FiftyOne”), to facilitate the checkout of the orders
and to export and deliver the orders to the international
destinations. The Company’s customers placing international orders
can shop the JoS. A. Bank website in their selected currencies and
see their complete order totals, including shipping fees, customs,
tariffs and taxes when they check out.
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the
nation’s leading designers, manufacturers and retailers of men’s
classically-styled tailored and casual clothing, sportswear,
footwear and accessories. The Company sells its full product line
through 515 stores in 42 states and the District of Columbia, a
nationwide catalog and an e-commerce website that can be accessed
at www.josbank.com. The Company is headquartered in Hampstead, Md.,
and its common stock is listed on the Nasdaq Global Select Market
under the symbol “JOSB.”
FiftyOne empowers leading U.S. retailers to utilize their
existing e-commerce infrastructure and online shopping experience
to market, sell and fulfill merchandise to international shoppers
with cost certainty. FiftyOne manages all aspects of the
international order life cycle, including multi-currency pricing
and payment processing, landed cost calculation, customs clearance
and brokerage, international fraud management, international
logistics orchestration, and customer-experience parity. FiftyOne
is headquartered in New York City. For more information, visit
www.fiftyone.com.
The Company's statements concerning future operations contained
herein are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those forecasted due to a variety of
factors outside of the Company's control that can affect the
Company's operating results, liquidity, financial condition and
operations. Such factors include risks associated with economic,
weather, public health and other factors affecting consumer
spending, including negative changes to consumer confidence and
other recessionary pressures, higher energy and security costs, the
successful implementation of the Company's growth strategy,
including the ability of the Company to finance its expansion
plans, the mix and pricing of goods sold, the effectiveness and
profitability of new concepts, the market price of key raw
materials such as wool and cotton, seasonality, merchandise trends
and changing consumer preferences, the effectiveness of the
Company's marketing programs, the availability of suitable lease
sites for new stores, doing business on an international basis, the
ability to source product from its global supplier base, legal
matters and other competitive factors. The identified risk factors
and other factors and risks that may affect the Company's business
or future financial results are detailed in the Company's filings
with the Securities and Exchange Commission, including the
Company's Annual Report on Form 10-K for the year ended January 29,
2011. These cautionary statements qualify all of the
forward-looking statements the Company makes herein. The Company
cannot assure you that the results or developments anticipated by
the Company will be realized or, even if substantially realized,
that those results or developments will result in the expected
consequences for the Company or affect the Company, its business or
its operations in the way the Company expects. The Company cautions
you not to place undue reliance on these forward-looking
statements, which speak only as of their respective dates. The
Company does not undertake an obligation to update or revise any
forward-looking statements to reflect actual results or changes in
the Company's assumptions, estimates or projections. These risks
should be carefully reviewed before making any investment
decision.
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Historical Stock Chart
From Jul 2023 to Jul 2024