HAMPSTEAD, Md., Mar 16, 2009 (BUSINESS WIRE) -- JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: "JOSB")
announces a first-time ever program that will refund the price of a suit
if the purchaser loses his job, and also allow him to keep the suit.
"We believe we are the only national men's apparel company offering this
special program to its customers," stated R. Neal Black, CEO of JoS. A.
Bank. "At JoS. A. Bank we understand the uncertainty everyone is facing.
We want to help the customer look good at work, and if he loses his job,
to be dressed appropriately as he meets with his next employer. It's
like giving all of our customers a bit of unemployment insurance,"
continued Mr. Black.
The special rebate offer applies to any suit (or suit separates coat
plus pants) purchased during the JoS. A. Bank $199 Sale, from March 16,
2009 through April 9, 2009. If the customer involuntarily loses his job
between April 16, 2009 and July 1, 2009, JoS. A. Bank will refund the
price he paid for the suit, up to a maximum of $199, and he may keep the
suit. This offer requires the customer to provide certain documentation
when requesting a rebate. For further details, please refer to the JoS.
A. Bank website at www.josbank.com
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the
nation's leading retailers of men's classically-styled tailored and
casual clothing, sportswear, footwear and accessories. The Company sells
its full product line through 461 stores in 42 states and the District
of Columbia, a nationwide catalog and an e-commerce website that can be
accessed at www.josbank.com.
The Company is headquartered in Hampstead, Md., and its common stock is
listed on the Nasdaq Global Select Market under the symbol "JOSB."
The Company's statements concerning future operations contained herein
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those forecast due to a variety of factors outside of
the Company's control that can affect the Company's operating results,
liquidity and financial condition. Such factors include risks associated
with economic, weather, public health and other factors affecting
consumer spending, higher energy and security costs, the successful
implementation of the Company's growth strategy including the ability of
the Company to finance its 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 the Company's marketing programs, the availability of suitable lease
sites for new stores, doing business on an international basis, the
ability to source product from its global supplier base, litigations and
other competitive factors. Other factors and risks that may affect the
Company's business or future financial results are detailed in the
Company's filings with the Securities and Exchange Commission, including
the Company's Annual Report on Form 10-K for the year ended February 2,
2008 and the Company's subsequent Quarterly Reports on Form 10-Q filed
through the date hereof. These cautionary statements qualify all of the
forward-looking statements the Company makes herein. The Company cannot
assure you that the results or developments anticipated by the Company
will be realized or, even if substantially realized, that those results
or developments will result in the expected consequences for the Company
or affect the Company, its business or its operations in the way the
Company expects. The Company cautions you not to place undue reliance on
these forward-looking statements, which speak only as of their
respective dates. The Company does not undertake an obligation to update
or revise any forward-looking statements to reflect actual results or
changes in the Company's assumptions, estimates or projections. These
risks should be carefully reviewed before making any investment decision.
SOURCE: JoS. A. Bank Clothiers, Inc.
JoS. A. Bank Clothiers, Inc., Hampstead, Md.
David E. Ullman
Executive Vice President - Chief Financial Officer
Senior Vice President - Marketing
Investor Relations Information Request Website (http://phx.corporate-ir.net/phoenix.zhtml?c=113815&p=irol-inforeq),
or Voicemail, 410-239-5900
E-commerce Address for JoS. A. Bank Clothiers, Inc.: