Business humming, Jos. A. Bank adds two top management posts

Teves hired from Belk

Barbarino is promoted

October 04, 2002|By Gus G. Sentementes | Gus G. Sentementes,SUN STAFF

Strong sales of Jos. A. Bank Clothiers Inc.'s sportswear line and increased production overseas have led the Hampstead-based men's apparel company to add two top management positions.

Thomas Teves, who previously managed $285 million in retail sales and 61 stores for North Carolina-based Belk Department Stores, was hired for the new position of vice president and general merchandise manager of sportswear and furnishings.

Frank Barbarino was promoted to the new position of divisional vice president of worldwide sourcing, Bank said. He will oversee the production plants with which Bank contracts to make its clothing, from North America to Europe and Asia. He was previously divisional merchandise manager of suits for Bank.

Bank also hired Robin Graham, a former men's clothing buyer with Parisian, a division of Saks Inc., as divisional merchandise manager of suits, Barbarino's former position.

The additions bolster Bank's merchandising team and help lay the foundation for the company's continued growth, said David E. Ullman, chief financial officer. Bank, which has 149 stores in 29 states, plans to open at least 30 stores next year and has said that it can expand to 500 stores.

"As we're growing, we need to keep making sure we have the infrastructure to support the growth," Ullman said.

The popularity of Bank's sportswear line, which includes dress shirts and ties, has been a key factor in Bank's growth in recent years. Sales in that category have grown from 10 percent of total sales to 19 percent last year, Ullman said.

Bank's total sales were $211 million in fiscal 2001, which ended Feb. 2. The company had its most profitable year last year, posting $6.52 million in net income.

Shares of Bank fell 40 cents to $17.50 yesterday.

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