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April 19, 2015 3:41 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

Phone:

410-239-2700

Key Executives for Jos. A Bank Clothiers Inc.

Chief Executive Officer, President and Director
Age: 50
Chief Financial Officer, Executive Vice President, Treasurer and Director
Age: 56
Chief Accounting Officer and Senior Vice President
Age: 47
Compensation as of Fiscal Year 2014.

Jos. A Bank Clothiers Inc. Key Developments

Jos. A. Bank to Lay Off 122 at Hampstead Headquarters

Jos. A. Bank will lay off 122 employees from its Hampstead corporate location by the end of the year in the first large-scale job cuts made public since rival Men's Wearhouse Inc. purchased the clothing retailer last year. The layoffs will come between May 29 and Dec. 31. Employees will be permanently cut from the location that serves as Jos. A. Bank's headquarters at 500 Hanover Pike in Hampstead. Jos. A. Bank employed 778 people in Hampstead as of July.

Jos. A Bank Announces Sales Results for the Fourth Quarter Ended January 31, 2015; Provides Sales Guidance for the First Half Year and Second Half Year of 2015

Jos. A Bank announced earnings results for the fourth quarter January 31, 2015. For the quarter, the company total sales decreased 5.4% to $337.0 million from prior year fourth quarter. The company expects the company comparable sales to continue to be down throughout the first half of the year with improvement in the second half and gross margin to increase for the year but follow a similar pattern to sales.

Jos. A. Bank Announces Unaudited Sales Results for the Third Quarter and Nine Months Ended November 1, 2014

Jos. A. Bank announced unaudited sales results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported total net sales of $233.3 million. Negative comparable sales were 8.1% against positive comparable sales of 2.4% a year ago. For the nine months, the company reported total net sales of $347.0 million. Negative comparable sales were 0.2% against 6.4% a year ago.

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