Net Income up 37% at Jos. A. Bank

Jos. A. Bank Clothiers posted a solid start to its fiscal year: The men’s apparel cataloger/retailer saw gains in both the top and bottom lines for the first quarter ended May 1.

Sales for the first quarter of fiscal 2010 rose 10%, to $178.1 million, up from $161.9 million for the same period in 2009. Better still, the merchant’s net income jumped 37%, to $15.8 million, from $11.5 million for the quarter in 2009.

But Jos. A. Bank’s direct sales were not as robust: They decreased 0.6% for the quarter. The company’s same-store sales increased 10.4%.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.