Net Income Rises At Jos. A. Bank

Third-quarter sales for men’s apparel cataloger/retailer Jos. A. Bank Clothiers rose 8.1%, to $161.3 million, up from $149.3 million after the third quarter last year. Direct marketing sales jumped 21.2%. Same-store sales increased 3.3%. But the big story of the quarter for Jos. A. Bank Clothiers was its net income rose 26%, to $11.7 million.

President/CEO R. Neal Black said despite the continued pressure of the difficult national economy, “our business model is performing very well. With this quarter’s results, we have achieved earnings growth in 32 of the past 33 quarters when compared to the respective prior year periods, including 14 quarters in a row.”