Joe’s Jeans Announces New International Distribution Agreement
2012年6月19日 - 7:00PM
ビジネスワイヤ(英語)
Joe’s Jeans Inc. (the “Company”) (NASDAQ: JOEZ) announced today
that the Company has entered into a new multi-year international
distribution arrangement with Advanced Retail for France. This
international distribution agreement will supplement the Company’s
existing distributors in the United Kingdom, Germany, Italy and
Russia. In connection with this multi-year agreement, Advanced
Retail will continue to operate the shop-in-shops in Galeries
Lafayette and Printemps and will assume the Company’s office and
showroom in Paris, France.
Marc Crossman, President and CEO, stated, “By moving to a
distribution model, we will reduce corporate overhead and increase
profitability while preserving international growth potential.”
Crossman concluded, “We are excited about the future of our
international business as we add Advanced Retail to our list of
distributors.”
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.
This release may contain forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. The matters discussed
involve estimates, projections, goals, forecasts, assumptions,
risks and uncertainties that could cause actual results or outcomes
to differ materially from those expressed in the forward-looking
statements. All statements in this news release that are not purely
historical facts are forward-looking statements, including
statements containing the words “intend,” “believe,” “estimate,”
“project,” “expect” or similar expressions. Any forward-looking
statements inherently involve 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: the risk that the
Company will be unsuccessful in gauging fashion trends and changing
customer preferences; the risk that changes in general economic
conditions, consumer confidence, or consumer spending patterns will
have a negative impact on the Company’s financial performance or
strategies; the highly competitive nature of the Company’s business
in the United States and internationally and its dependence on
consumer spending patterns, which are influenced by numerous other
factors; the Company’s ability to respond to the business
environment and fashion trends; continued acceptance of the Joe’s®
brand in the marketplace; and other risks. The Company discusses
certain of these factors more fully in its filings with the SEC and
this release should be read in conjunction with all of the
Company’s filings, made with the SEC through the date of this
release. The Company urges you to consider all of these risks,
uncertainties and other factors carefully in evaluating the
forward-looking statements contained in this release.
Any forward-looking statement is based on information current as
of the date of this document and speaks only as of the date on
which such statement is made, and the Company undertakes no
obligation to update these statements to reflect events or
circumstances after the date on which such statement is made.
Readers are cautioned not to place undue reliance on
forward-looking statements.
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