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Jos. A. Bank Expands Despite Down Market

HAMPSTEAD, MD-Jos. A. Bank Clothiers spends $3.5 million to expand its distribution facility by 50,000 sf. The company opened 21 stores in 2001, and expects to open 20 or more next year. Its expanded facility will be able to accommodate the company's growth plans.

By Barbra Murray | Updated on December 20, 2001

HAMPSTEAD, MD-Things are not bad all over. Jos. A Bank Clothiers Inc. (JOSB) has completed the expansion of its $3.5 million, 30-acre distribution facility and will now have the capacity to support up to 400 of its outlets. After having opened 21 stores this year alone, the 96-year old men’s apparel company currently has 135 retail outlets spread over 29 states. Adding 50,000 sf to its 200,000-sf distribution facility will allow the company to accommodate the 20 to 30 additional stores it plans to open in 2002.

State and local groups financed part of the company’s multi-million dollar expansion. In return for enlarging its headquarters in the area and increasing its work force of 254 by 22% come the end of 2003, Maryland gave the company $131,250 in grants for the project. Carroll County gave JOSB $300,000.

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