Jos. A. Bank Board Approves Amendment of Shareholder Rights Plan

Jos. A. Bank Board Approves Amendment of Shareholder Rights Plan

HAMPSTEAD, Md., Jan. 3, 2014 (GLOBE NEWSWIRE) -- Jos. A. Bank Clothiers, Inc.
(Nasdaq:JOSB) (the "Company") today announced that its Board of Directors has
approved an amendment to its shareholder rights plan to, among other things,
reduce the ownership threshold to 10 percent from 20 percent of outstanding
common shares.

The Company said that in light of the hostile actions The Men's Wearhouse,
Inc. (NYSE:MW) has taken and threatened to take against the Company, which are
not in the best interest of the Company's shareholders, the Board felt it was
appropriate to protect the Company's shareholders by leveling the playing
field and ensuring that the Jos. A. Bank Rights Agreement has the same
triggering ownership threshold as that of the Men's Wearhouse Rights

On December 23, 2013, the Jos. A Bank Board of Directors unanimously rejected
a non-binding acquisition proposal by Men's Wearhouse based on its
determination that the proposal significantly undervalued the Company and its
near and long-term potential.

About Jos. A. Bank

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 629 stores in 44 states and the
District of Columbia, a nationwide catalog and an e-commerce website that can
be accessed at The Company is headquartered in Hampstead, MD,
and its common stock is listed on the NASDAQ under the symbol "JOSB."

Cautionary Note on Forward-Looking Statements

This press release contains forward-looking statements that are based on
currently available information and current expectations, estimates and
projections about Jos. A. Bank Clothiers, Inc.'s business. The forward looking
statements include assumptions about our operations, such as cost controls,
market conditions, liquidity and financial condition. Risks and uncertainties
that may affect our business or future financial results include, among
others, 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. Additional factors that
could cause future results or events to differ from those we expect are those
risks discussed under Item 1A, "Risk Factors," in Jos. A. Bank's Annual Report
on Form 10-K for the fiscal year ended February 2, 2013, Jos. A. Bank's
Quarterly Report on Form 10-Q for the quarter ended May 4, 2013, Jos. A.
Bank's Quarterly Report on Form 10-Q for the quarter ended August 3, 2013,
Jos. A. Bank's Quarterly Report on Form 10-Q for the quarter ended November 2,
2013, and other reports filed by Jos. A. Bank with the Securities and Exchange
Commission (SEC). Please read the "Risk Factors" and other cautionary
statements contained in these filings. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new information,
the occurrence of certain events or otherwise. As a result of these risks and
others, actual results could vary significantly from those anticipated in this
press release, and our financial condition and results of operations could be
materially adversely affected.

CONTACT: For Jos. A. Bank - Media:
         Thomas Davies/Molly Morse
         Kekst and Company
         For Jos. A. Bank - Investment Community:
         David E. Ullman
Press spacebar to pause and continue. Press esc to stop.