By Steve Kilar, The Baltimore Sun
2:42 PM EST, December 3, 2012
Men's clothing store chain JoS. A. Bank Clothiers Inc. now has 601 stores across the United States, the company announced Monday.
The Hampstead-based public company opened two stores on Friday — one in Miami and the second in southeastern Michigan, the company said.
"Achieving the 600 store level represents a significant milestone," said CEO R. Neal Black in a statement. "Over the past 5 years, we have opened more than 190 new stores."
JoS. A Bank expects to expand to 800 stores — 700 "full-line" stores and 100 factory outlets, the company's statement said. The speed of expansion will depend on the company's financial performance and the "availability of suitable real estate over the next several years."
The clothing company has opened 45 stores so far in fiscal 2012 and plans to open two more by the end of its fiscal year. The company closed its third quarter at the end of October with a year-over-year net income decline of 3.8 percent.
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