Jos. A. Bank Clothiers
(NASDAQ: JOSB)
39.53
+0.26
+0.66%
+0.26
+0.66%
MORE ON JOSB
COMPANY INFORMATION
| Exchange: | NASDAQ national market |
| Stock: | Jos A Bank Clothiers Inc |
| Industry: | Apparel Stores |
| Employees: | 6,342 |
DESCRIPTION
| Jos. A. Bank Clothiers, Inc., is a Delaware corporation organized on June 22, 1982. It’s a designer, manufacturer, retailer and direct marketer of men’s tailored and casual clothing and accessories and is a retailer of tuxedo rental products. It sells all of its products under the Jos. A. Bank label through 602 retail stores (which includes 35 Outlet and Factory stores and 15 Franchise stores) located throughout 44 states and the District of Columbia in the United States, as well as through its catalog call center and Internet (www.josbank.com) operations. Its products are targeted at the male career professional. Its products are offered at “Three Levels of Luxury,” which range from the original Jos. A. Bank Executive collection to the more luxurious Jos. A. Bank Signature collection to the exclusive Jos. A. Bank Signature Gold collection. It purchases the majority of its merchandise as finished product, with the manufacturer or supplier responsible for purchasing all components of the product, including fabric. It sources all of its merchandise from suppliers and manufacturers or through buying agents using Jos. A. Bank designs and specifications. It has two segments: Stores and Direct Marketing. The Stores segment includes all Company-owned stores excluding Outlet and Factory stores (“Full-line stores”). The Direct Marketing segment includes the catalog call center and the Internet. The Company used mass media advertising such as local radio, national cable television and direct mail marketing and promotional activities in support of its store and catalog call center/Internet operations. It also sends email promotions to its store and Internet customers. It uses a centralized distribution system, under which all merchandise is received, processed and distributed through three distribution facilities located in Maryland. Two distribution facilities are located in Hampstead, Maryland (one owned - ‘DC1’ and one leased – ‘DC2’). The third distribution facility (‘DC3’) is leased and is located in Eldersburg, Maryland. The Company competes with specialty retailers of men's apparel, department stores, Internet retailers and other catalogers engaged in the retail sale of men's apparel and to a lesser degree with other retailers of men's apparel. It is the owner or exclusive licensee in the United States of the marks JOS. A. BANK®, JOS. A. BANK V.I.P. ®, JOS. A. BANK VACATION IN PARADISE®, VACATION IN PARADISE®, THE MIRACLE COLLECTION® and TRAVELER CREASE®. |
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