EX-99.1 2 a5838336ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

JoS. A. Bank Clothiers Makes Advance Announcement of This Year’s After Thanksgiving Friday Doorbusters Focusing on Luxury Cashmere at Tremendous Values

HAMPSTEAD, Md.--(BUSINESS WIRE)--November 24, 2008--JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB") announces its plan for this year’s Black Friday Doorbusters. The annual Black Friday Doorbuster event will be held for seven hours only on Friday, November 28 from 6:00 a.m. to 1:00 p.m. in its more than 450 full-line stores nationwide. In addition, the items will be offered online at www.josbank.com beginning at 5:00 a.m. on Thanksgiving Day and running through Black Friday at 1:00 p.m.

Based on the consumer’s demand for value in this tough economy and the early announcements by other major U.S. retailers, Jos. A. Bank is making an advance announcement of its plans for Black Friday. The Black Friday Doorbuster event will feature its luxurious 100% pure cashmere sweaters, blazers, bomber jackets, top coats and scarves. With an emphasis on luxury at a great value, the items offered are as follows:

1. Cashmere V-neck Sweaters, Regular $275 --- Sale $79

2. Cashmere Blazers, Regular $595 --- Sale $199

3. Cashmere Bomber Jackets, Regular $625 --- Sale $199

4. Cashmere Top Coats, Regular $895 --- Sale $299

5. Solid Color Cashmere Scarves, Regular $120 --- Sale $29

6. Wool/Cashmere Suits Regular $550 --- Sale $139

The JoS. A. Bank cashmere fabrics are made of the finest yarns of 100% pure cashmere to provide the perfect warmth and most luxurious softness.

“Every year we plan to offer several of our most desired items and price them to offer tremendous savings for a limited time on the day after Thanksgiving,” stated R. Neal Black, President of Jos. A. Bank Clothiers. “When planning this year, we wanted to offer extremely low prices on luxury items, and planned to offer all of our doorbusters in 100% cashmere, the world’s most luxurious fabric for very compelling values. Announcing these items and prices early, as other national retailers have done, will allow our customers to plan their shopping day on the Friday after Thanksgiving,” continued Mr. Black.


The exclusive Jos. A. Bank products have the following extensive details:

Cashmere Sweaters

100% pure cashmere
Softest 2-ply
V-neck style in 18 colors
Finest Mongolian cashmere
Fully fashioned shoulders
Ribbed cuffs and bonded bottoms
 

Cashmere Blazers

100% pure cashmere
Soft shoulders
Fully lined
Available in 2 or 3 button
7 colors
 

Cashmere Bomber Jacket

100% pure cashmere
Diamond quilted lining
Button front closure w/zipper
Available in 3 colors
 

Cashmere Top Coats

100% pure cashmere
Extraordinary detail
Finely tailored
Classic 3 button styling
Extra pockets
Available in 4 colors
 

Cashmere Scarves

100% pure cashmere
6 Solid Colors
Ultimate in luxury and warmth
 

Wool/Cashmere Suits

6 Colors
2 button center vent jacket
Pleated front trousers

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-line products in more than 450 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.

CONTACT:
JoS. A. Bank Clothiers, Inc., Hampstead, Md.
R. Neal Black
President
410-239-5719
or
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 Voicemail, 410-239-5900
E-commerce Address for JoS. A. Bank Clothiers, Inc.:
www.josbank.com