October 27, 2016 7:11 PM ET

Specialty Retail

Company Overview of Jos. A Bank Clothiers Inc.

Company Overview

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

United States

Founded in 1905

4,775 Employees



Key Executives for Jos. A Bank Clothiers Inc.

Chief Executive Officer, President and Director
Age: 52
Chief Financial Officer, Executive Vice President, Treasurer and Director
Age: 58
Brand President
Age: 49
Chief Accounting Officer and Senior Vice President
Age: 49
Compensation as of Fiscal Year 2016.

Jos. A Bank Clothiers Inc. Key Developments

Jos. A Bank Clothiers Inc. Appoints Mary Beth Blake as President

Mary Beth Blake has been appointed Brand President of Jos. A. Bank Clothiers Inc. to assist the company in its initiatives to strengthen the brand.

Jos A. Bank Expects to Close Stores in 2016

Jos A. Bank stores are expected to close in 2016 as its parent company struggles to stop a loss in sales. The closures are part of a move by Tailored Brands to close 250 stores this year, including 80 to 90 full-line Jos. A. Bank stores and all 49 Jos. A. Bank outlet stores. The remaining stores to be shuttered fall under the Men's Wearhouse outlet and MW Tux banners. The Jos. A. Bank stores will be shut down because they have been judged to have little potential to improve profits, Tailored Brands Inc. Tailored Brands did not provide a list of store locations pegged for closure. It operated 625 Jos. A. Bank stores and more than 1,700 total stores under various brand names as of Jan. 30.

Jos. A. Bank Announces Unaudited Sales Results for the Third Quarter and Nine Months Ended October 31, 2015

Jos. A. Bank announced unaudited sales results for the third quarter and nine months ended October 31, 2015. Jos. A. Bank comparable sales for the third quarter decreased 14.6% to $198.9 million due primarily to a decrease in average transactions per store as the Company began the transition away from the Buy-One-Get-Three Free promotional events. For the nine months, comparable sales increased 83.5% to $636.7 million.

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