JoS A. Bank full-year profit up 16%

Hampstead, Md. JoS. A. Bank Clothiers said Wednesday that its fiscal full-year profit climbed 16% on increased sales.

The retailer earned $58.4 million, compared with $50.2 million a year earlier.

Sales for the fiscal year ended Jan. 31 improved to $695.9 million from $604 million, as same-store sales rose 8.9%.