July 26, 2017 6:03 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: 53
Chief Financial Officer, Executive Vice President, Treasurer and Director
Age: 59
Brand President
Age: 50
Chief Accounting Officer and Senior Vice President
Age: 50
Compensation as of Fiscal Year 2017.

Jos. A Bank Clothiers Inc. Key Developments

Jos. A. Bank Announces Launch of Custom Suiting

Jos. A. Bank to introduce custom suiting to the Reserve and 1905 brands. With the official launch of both custom programs, Jos. A. Bank enables its customers to personalize their suits, sport coats, trousers, vests and formalwear with custom details in sizes ranging from slim, tailored, traditional and regal fits. Reserve custom garments represent the high level of luxury in the tailored assortment, featuring a moldable half-canvas chest piece and a unique natural sloping shoulder for an elegant silhouette. With over 100 fabric choices from the finest Italian mills, each garment is made by skilled artisans right here in the USA. A Reserve custom tailored pieces start at $1,198. For the consumer looking for a traditional custom experience with a modern twist, 1905 custom garments offer playful details like custom lining or for an additional charge, pick stitching and ticket pockets. There are over 60 fabrics to select from to create a sophisticated tailored piece with a collegiate, youthful spirit. The 1905 custom tailored pieces start at $698.

Jos. A. Bank Reports Earnings Results for the Fourth Quarter and Full Year of 2016; Provides Sales Guidance for the Full Year of 2017

Jos. A. Bank reported earnings results for the fourth quarter and full year of 2016. For the quarter, the company announced the sales of $219.4 million. The company comparable sales increased 3.6% primarily due to increases in both average transactions per store and units per transaction, partially offset by a decrease in average unit retail.  The company’s net sales decreased 4.7% due to significant store closures in 2016 as part of the company's store rationalization program that more than offset comparable sales increases. Operating income was $9. 098 million compared to operating loss of $1,176.023 million. Non-GAAP Operating income was $15.376 million against of $11.774 million a year ago. For the full year of 2016, the company announced the sales of $749.9 million. GAAP Operating loss was $29.910 million against of $1,247.992 million a year ago. Non-GAAP operating income was $8.085 million compared to $46.372 million a year ago. For the full year of 2017, the company expects comparable Sales to increase mid-single digits.

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.

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