Joe's(R) Opens Its Sixth Retail Store in San Marcos, Texas
December 29 2009 - 5:00AM
Marketwired
Joe's Jeans Inc. (NASDAQ: JOEZ) today announced the opening of its
sixth branded retail store at the Prime Outlets in San Marcos,
Texas, which is one of the top outlet centers in the country.
Marc Crossman, President and CEO, stated: "Our retail division
has been performing well as evidenced by a 176% same store sales
increase on Black Friday. In addition, we continue to see a very
positive same store sales trend throughout December. We look
forward to building upon this success in 2010 as we plan
significant growth for our retail division with the opening of new
stores in locations throughout the country."
About Joe's Jeans Inc.
Joe's Jeans Inc. designs, produces and sells apparel and
apparel-related products to the retail and premium markets under
the Joe's® brand and related trademarks. More information is
available at the company website at www.joesjeans.com.
Statements in this news release which are not purely historical
facts are forward-looking statements, including statements
containing the words "intend," "believe," "estimate," "project,"
"plan," "expect" or similar expressions. Forward-looking statements
in this press release include, without limitation, its expectations
regarding same store sales, its plan to open additional retail
stores and any effect that such an opening may have on the
Company's future financial performance. These statements are made
pursuant to the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended. All forward-looking
statements are based upon information available to Joe's Jeans Inc.
on the date of this release. Any forward-looking statement
inherently involves risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors that would cause or contribute to such differences include,
but are not limited to: uncertainty regarding the effect or outcome
of the Company's retail strategy for fiscal 2008, including but not
limited to the opening of a retail store in the Union Square
shopping district in San Francisco, California; the uncertainty of
securing additional retail locations; unforeseen costs associated
with ramping up the Company's retail infrastructure; expectations
in the retail marketplace for the Joe's® brand; and other risks
detailed in the Company's periodic report filings with the
Securities and Exchange Commission. By making these forward-looking
statements, the Company undertakes no obligation to update these
statements for revisions or changes after the date of this release.
Readers are cautioned not to place undue reliance on
forward-looking statements.
Contact: Joe's Jeans Inc. Hamish Sandhu 323-837-3700
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