The company will open 25 to 35 new units next year, compared with the 38 to 45 stores to open by the end of this year.
"The number could be more or less, depending on economic conditions," said Robert N. Wildrick, CEO and executive chairman. "It's clear that real estate development has slowed, and we will not open new stores just to hit a number."
However, he noted, landlords have been "much easier to deal with" given the chain's strong balance sheet. And some good sites have opened up because of bankruptcies.
For the quarter, net income was $8.9 million, up from $8.2 million in the second quarter of fiscal year 2007. Total sales were $152.7 million, up 13.7% from the previous year. Comparable store sales increased 6.8%.
JoS. A. Bank Clothiers operates 447 stores in 42 states and the District of Columbia.
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