JoS. A. Bank Clothiers Provides Fiscal Year 2013 Second Quarter Earnings Update

JoS. A. Bank Clothiers Provides Fiscal Year 2013 Second Quarter Earnings
Update

HAMPSTEAD, Md., Aug. 15, 2013 (GLOBE NEWSWIRE) -- JoS. A. Bank Clothiers, Inc.
(Nasdaq:JOSB) announces that earnings for the second quarter of fiscal year
2013 are expected to be approximately $0.49 to $0.53 per diluted share,
compared with $0.83 per diluted share in the second quarter of 2012. Actual
results will depend on, among other things, adjustments that may arise from
the normal quarter-end processing. The second quarter of fiscal year 2013
ended August 3, 2013; the second quarter of fiscal year 2012 ended July 28,
2012.

Commenting on the earnings update, R. Neal Black, President and CEO of JoS. A.
Bank Clothiers, Inc. stated: "While our total Sales declined in the second
quarter of fiscal 2013, we achieved stability in our gross profit margin rate.
Specifically, our gross profit margin rate increased in both the fiscal months
of June and July and the overall rate for the second quarter is expected to
increase slightly from last year. Customers did not respond as well to some of
our highly promotional, high sales volume marketing campaigns as they did in
the prior year and total sales declined approximately 11% in the quarter,
primarily during these promotional peaks. Day to day sales on the
non-promotional portion of our business in stores increased during the
quarter. As we implemented new marketing strategies, we were conservative with
our marketing expenditures which enabled us to improve our marketing
efficiency during the quarter."

"We are highly focused on improving our sales trend, and further improving
both our gross profit margin rate and our marketing efficiency over the
remainder of fiscal year 2013, with the overall goal of returning to previous
years' levels.We will continue to modify and implement new marketing events
and the related media placement to maintain efficiency and to drive sales.We
will begin to annualize our declining sales and gross margin trends during the
third quarter and for all of the fourth quarter, which means our opportunity
for improvement is significant during those periods," continued Mr. Black.

JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's
leading designers, manufacturers and retailers of men's classically-styled
tailored and casual clothing, sportswear, footwear and accessories. The
Company sells its full product line through 612 stores in 44 states and the
District of Columbia, a nationwide catalog and an e-commerce website that can
be accessed at www.josbank.com. The Company is headquartered in Hampstead,
Maryland, and its common stock is listed on the NASDAQ Global Select Market
under the symbol "JOSB."

Our statements concerning future operations contained herein are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from those
forecasted due to a variety of factors outside of our control that can affect
our operating results, liquidity, and financial condition. Such factors
include risks associated with the economy, weather, public health and other
factors affecting consumer spending (including negative changes to consumer
confidence and other recessionary pressures), higher energy and security
costs, the successful implementation of our growth strategy (including our
ability to finance our expansion plans), the mix and pricing of goods sold,
the effectiveness and profitability of new concepts, the market price of key
raw materials (such as wool and cotton), seasonality, merchandise trends and
changing consumer preferences, the effectiveness of our marketing programs
(including compliance with relevant legal requirements), the availability of
suitable lease sites for new stores, doing business on an international basis,
the ability to source product from our global supplier base, legal and
regulatory matters and other competitive factors. The identified risk factors
and other factors and risks that may affect our business or future financial
results are detailed in our filings with the Securities and Exchange
Commission, including, but not limited to, those described under "Risk
Factors" in our Annual Report on Form 10-K for the year ended February 2, 2013
and our Quarterly Report on Form 10-Q filed through the date hereof. These
cautionary statements qualify all of the forward-looking statements we make
herein. We cannot assure you that the results or developments anticipated by
us will be realized or, even if substantially realized, that those results or
developments will result in the expected consequences for us or affect us, our
business or our operations in the way we expect. We caution you not to place
undue reliance on these forward-looking statements, which speak only as of
their respective dates. We do not undertake an obligation to update or revise
any forward-looking statements to reflect actual results or changes in our
assumptions, estimates or projections. These risks should be carefully
reviewed before making any investment decision.

CONTACT: JoS. A. Bank Clothiers, Inc., Hampstead, Maryland
         David E. Ullman
         Executive Vice President/Chief Financial Officer
         410-239-5715
        
         or Investor Relations Information Request Website
         (http://phx.corporate-ir.net/phoenix.zhtml?
         c=113815&p=irol-IRHome)
        
         or Investor Relations Voicemail, 410-239-5900
        
         E-commerce Address for JoS. A. Bank Clothiers, Inc.:
         www.josbank.com
 
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