Company Overview of Jos. A Bank Clothiers Inc.
Jos. A. Bank Clothiers Inc. and its subsidiaries design, retail, and direct-market men’s tailored and casual clothing and accessories. Its products include tuxedos, suits, shirts, vests, ties, sportcoats, pants, sportswear, overcoats, sweaters, belts and braces, socks and underwear, and shoes. The company sells its products through retail stores, catalogs, and the Internet, as well as franchise stores. As of Feb. 3, 2007, it operated 357 full-line stores, including 101 outdoor lifestyle centers, 73 malls, 40 downtown/streetfront/business districts, and 143 strip centers, power centers, or freestanding stores, as well as 7 factory stores and 12 franchise stores in 42 states and the District o...
500 Hanover Pike
Hampstead, MD 21074
Founded in 1905
Key Executives for Jos. A Bank Clothiers Inc.
Chief Executive Officer, President and Director
Chief Financial Officer, Executive Vice President, Treasurer and Director
Chief Accounting Officer and Senior Vice President
Compensation as of Fiscal Year 2015.
Jos. A Bank Clothiers Inc. Key Developments
Jos. A Bank Announces Sales Results for the Third Quarter and First Nine Months Ended October 31, 2015; Provides Sales and Gross Margin Guidance for the Fourth Quarter of Fiscal 2015
Nov 5 15
Jos. A Bank announced sales results for the third quarter and first nine months ended October 31, 2015. For the third quarter, the bank announced comparable sales decreased 14.6% compared to 8.1% decrease for the same period a year ago. This decrease was primarily driven by a decline in traffic as the company began the transition away from the Buy-One-Get-Three promotional events.
For the first nine months, the bank announced comparable sales decreased 8.6% compared to 0.2% decrease for the same period a year ago.
The company provided sales and gross margin guidance for the fourth quarter of fiscal 2015. Fourth quarter comparable sales at the bank are now expected to decrease between 20% and 25% resulting from both a decline in traffic continuing from the third quarter trend and a previously expected decline in units per transaction as customers adapt to the shift in the promotional strategy. The bank's gross margin rates for the fourth quarter are still expected to improve significantly.
Jos. A. Bank Clothiers, Inc. to Launch New Clothing Collection Under the Label 1905
Nov 3 15
Jos. A. Bank Clothiers Inc. is launching a new clothing collection under the label 1905. The new label acknowledges the legacy of the company that was founded in Baltimore, Maryland in that year. Now in stores and available online, the 1905 collection features tailored clothing staples, along with modern sportswear and accessories that incorporate fabrics with rich textures and patterns, such as herringbones, tweeds and plaids. The 1905 collection appeals to the consumer who is interested in classic menswear for the modern gentleman. The collection will feature cornerstone pieces that should be part of every man's wardrobe such as herringbone sport coats starting at $395, suits starting at $695, oxford button down shirts at $79.50 and argyle and cable knit sweaters at $129.50.
Jos. A Bank Announces Sales Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of 2015
Jun 10 15
Jos. A Bank announced sales results for the first quarter ended May 2, 2015. For the quarter, the company announced net sales of $216.1 million.
The company continues to expect comparable sales to be down in the second quarter with improvement in the back half of the year and gross margin increases to follow a similar pattern.
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