×
339
Fashion Jobs
NIKE
India Logistics Partner Management Manager
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
By
Reuters
Published
Aug 30, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jos A Bank results beat as online sales grow, shares up

By
Reuters
Published
Aug 30, 2012

Men's apparel and accessories retailer JoS A Bank Clothiers Inc's quarterly results handily beat Wall Street estimates as it attracted more online shoppers.


Photo: JoS A Bank


The company's stock moved up more than 18 percent to $49.37 on the Nasdaq in early trading.

JoS A Bank, which competes with Men's Wearhouse Inc, has set up Amazon.com Inc and eBay Inc stores, aiming for a bigger slice of shoppers' wallets by catering to different consumers than the ones who come to their own websites and physical stores.

Sales at its direct marketing segment, which comprises the Internet and catalog call centers, rose 39.3 percent for the second quarter. The segment recorded higher sales in August compared to last year, the company said.

Direct marketing, driven primarily by Internet sales, accounted for about 10 percent of total sales last year.

Several retailers are looking to grow into the online market place by setting up storefronts on Amazon and eBay.

JoS A Bank also signed up for PayPal's in-store service in May that allows shoppers to pay through their mobile phones, making purchases at brick-and-mortar stores easier.

Comparable store sales increased 6.1 percent for three months ended July 28. Total sales rose 12.9 percent to $260.3 million.

Earnings went up to $23.2 million, or 83 cents a share, from $20.6 million, or 74 cents a share, a year earlier.

Analysts on average expected the company to post earnings of 73 cents on a revenue of $251.1 million, according to Thomson Reuters I/B/E/S.

Hampstead, Maryland-based JoS A Bank, which has 572 stores in 44 states and the District of Columbia, plans to open about 45 to 50 stores each in fiscal 2012 and 2013.

The company's shares were up 16 percent at $48.37, making them one of the top gainers on the Nasdaq on Wednesday morning.

The stock lost 20 percent of its value in the last six months after unattractive merchandise and a warmer winter pushed shoppers away in previous quarters.

Shares of rival Men's Wearhouse were up 3.5 percent at $31.82 on the New York Stock Exchange on Wednesday.

© Thomson Reuters 2021 All rights reserved.