JoS. A. Bank Clothiers Introduces the “Risk Free” Suit Promotion; Will Give Money Back if Customer Loses His Job
16 March 2009 - 9:00PM
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.
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