Jos. A. Bank Brings Back 'Uniform of Success' Sale Event to Support Returning Veterans
08 November 2013 - 10:00PM
Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB), as part of a summertime
promotion, donated new business suits to thousands of recently
discharged veterans to help them re-enter the job market. The sale,
"Uniform of Success," returns November 12-17 to coincide with the
celebration of Veterans Day.
Jos. A. Bank CEO Neal Black will participate in a commemorative
Veterans Day opening bell ceremony on Monday, November 11 at the
NASDAQ MarketSite in New York as part of the clothier's tribute to
Americans serving in the military. That week, NASDAQ is recognizing
companies that support hiring initiatives and educational programs
for veterans.
"Veterans Day week is an appropriate time for us to bring back
the 'Uniform of Success' sale," said Mr. Black. "We are humbled by
the sacrifice and the commitment made by veterans to serve our
country and we're honored to have the opportunity to help make
returning veterans the very best-dressed job candidates in
America."
Jos. A. Bank again will partner with the Gary Sinise Foundation
for the promotion. The Gary Sinise Foundation supports programs
that serve and honor Americans in the military. Founder Gary Sinise
received the Presidential Citizens Award for his humanitarian
efforts on behalf of the USO and the foundation.
The previous promotion was an overwhelming success. One of the
many veterans who benefitted from the program was Stephan Bielawski
of Clearwater, FL who was quick to ring its praises, stating that
employees at Jos. A. Bank "rolled out the red carpet. They
fixed me up with an elegant muted pinstripe gray suit that made me
feel terrific.... Of course, I got the FANTASTIC job."
Anyone who purchases a men's suit from November 12-17 gets an
additional two free suits. Jos. A. Bank then will donate a suit to
a returning veteran through the Gary Sinise Foundation. The
promotion's tag line is BUY 1-GET 2-GIVE 1.
Customers who purchase a regular-priced suit (excluding Traveler
and Signature products) at a Jos. A. Bank full-line store or online
at www.josbank.com will receive two additional suits of equal or
lesser value free. For each suit purchased, the Gary Sinise
Foundation will receive a voucher from Jos. A. Bank for
distribution to a U.S. military veteran identified by the
foundation as returning to the civilian workforce. The veteran can
redeem the voucher at any Jos. A. Bank full-line store for a free
suit from the Jos. A. Bank "Executive Collection" (retail value of
$650).
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the
nation's leading designers, manufacturers and retailers of men's
classically-styled tailored and casual clothing, sportswear,
footwear and accessories. The Company sells its full product
line through 628 stores in 44 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".
About the Gary Sinise Foundation
The Foundation serves the nation by honoring its defenders,
veterans, first responders, their families and those in need by
creating and supporting unique programs designed to entertain,
educate, inspire, strengthen and build communities. These
include its R.I.S.E. Outreach (Restoring Independence and
Supporting Empowerment), whose flagship initiative is a custom
Smart Home building project for severely wounded
veterans. Each home is customized to ease their daily
challenges and help restore independence with features like
retractable cook tops, cabinets and shelving, elevators and more,
all accessible via an iPad. Other programs include Relief
& Resiliency Outreach, Invincible Spirit Festivals, Serving
Heroes and Arts & Entertainment Outreach. The Foundation has
also partnered with GE on their Get Skills to Work program to help
veterans translate military skills into advanced manufacturing jobs
while empowering employers with tools to recruit, onboard and
mentor veterans. For more information, please visit
GarySiniseFoundation.org.
Our 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 forecasted due to a variety of factors
outside of our control that can affect our operating results,
liquidity, and financial condition. Such factors include risks
associated with the economy, weather, public health and other
factors affecting consumer spending (including negative changes to
consumer confidence and other recessionary pressures), higher
energy and security costs, the successful implementation of our
growth strategy (including our ability to finance our 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 our
marketing programs (including compliance with relevant legal
requirements), the availability of suitable lease sites for new
stores, doing business on an international basis, the ability to
source product from our global supplier base, legal and regulatory
matters and other competitive factors. The identified risk factors
and other factors and risks that may affect our business or future
financial results are detailed in our filings with the Securities
and Exchange Commission, including, but not limited to, those
described under "Risk Factors" in our Annual Report on Form 10-K
for the year ended February 2, 2013 and our Quarterly Reports on
Form 10-Q filed through the date hereof. These cautionary
statements qualify all of the forward-looking statements we make
herein. We cannot assure you that the results or developments
anticipated by us will be realized or, even if substantially
realized, that those results or developments will result in the
expected consequences for us or affect us, our business or our
operations in the way we expect. We caution you not to place undue
reliance on these forward-looking statements, which speak only as
of their respective dates. Interim period sales are not necessarily
indicative of sales expected for the full quarter. Furthermore,
sales are just one component of earnings and no projection of
earnings should be inferred from any discussion of interim period
sales or other information in this release. We do not undertake an
obligation to update or revise any forward-looking statements to
reflect actual results or changes in our assumptions, estimates or
projections. These risks should be carefully reviewed before making
any investment decision.
CONTACT: JoS. A. Bank Clothiers, Inc., Hampstead, Md.
David E. Ullman
EVP/CFO
410-239-5715
or Investor Relations Information Request Website
http://phx.corporate-ir.net/phoenix.zhtml?c=113815&p=irol-inforeq
or Investor Relations Voicemail, 410-239-5900
E-commerce Address for JoS. A. Bank Clothiers, Inc.:
www.josbank.com
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