4/16/07
Multi-channel men’s apparel retailer Jos. A. Bank has promoted R. Neal Black, chief merchandising officer, to president of the company, the retailer said today. He reports to CEO Robert Wildrick, who has added the title executive chairman.
Paul Demery , Chief Technology Editor
Multi-channel men’s apparel retailer Jos. A. Bank has promoted R. Neal Black, chief merchandising officer, to president of the company, the retailer said today. He reports to CEO Robert Wildrick, who has added the title executive chairman.
Andrew Giordano, chairman and lead independent director, says the company’s senior management team has presided over strong growth over the past several years.
“Since taking over management of the company in late 1999, this team has increased sales over 180%; more than tripled the store base to 382 stores by opening over 270 new stores; significantly increased net income which was just $1.4 million in 1999; increased market cap to more than $596 million; enhanced the brand awareness throughout the country and made dramatic improvement in the liquidity of the company. The board views these management changes as another step in the evolution of the company as we look forward to continued growth."
Jos. A. Bank is No. 227 in the Internet Retailer Top 500 Guide.