Exhibit 99.1
JoS. A. Bank Clothiers Kicks Off 2007 Miracle Tie Campaign; National Program
has Raised Over $500,000 for Johns Hopkins Children's Center
HAMPSTEAD, Md.--(BUSINESS WIRE)--Nov. 8, 2007--JoS. A. Bank
Clothiers (Nasdaq Global Select Market: "JOSB"), in partnership with
the Johns Hopkins Children's Center, today announced the kick off of
its annual Miracle Tie Collection program. Pediatric patients and
local celebrities will unveil the 2007 Miracle Tie Collection(R) at
the 12th annual "Tie Into a Miracle" fashion show at the JoS. A. Bank
Clothiers store at 800 Kenilworth Drive in Towson, Maryland at 1:00
p.m. today.
The national program, now in its 12th year, raises money for
Hopkins Children's through sales of specially designed ties sold in
more than one-third of the 410 JoS. A. Bank stores nationwide and
through its catalog and E-commerce website. The program continues
through December 31, 2007. JoS. A. Bank will donate all of the profits
from the sales to Hopkins Children's.
"The Miracle Tie program 'ties' together our desire to help our
community, especially children, with our skills in developing fun,
creative ties," stated Robert N. Wildrick, CEO of JoS. A. Bank
Clothiers, Inc.
"JoS. A. Bank's Miracle Tie Collection(R) has changed lives at
Hopkins Children's," says George Dover, M.D., director and
pediatrician-in-chief of the Johns Hopkins Children's Center. "Each
Miracle Tie artist is filled with a tremendous sense of pride in his
or her work, and JoS. A. Bank should be proud of the difference they
have made in the form of over $500,000 to support pediatric patient
care."
In addition, Gov. Martin O'Malley declared today "Tie Into a
Miracle Day" in the state of Maryland.
The line of silk neckties was inspired by the artwork of patients
at Hopkins Children's. All proceeds from sales of these ties will go
toward research and patient care at Hopkins Children's. Since the
program was established in 1995, JoS. A. Bank has contributed over
$500,000 to Hopkins Children's for research and patient care.
The Miracle Tie Collection includes nine designs created by
children who are patients at Hopkins Children's and signify something
important to each child. Each child was asked to draw one of his or
her favorite activities or things.
Founded in 1912 as the children's hospital of the Johns Hopkins
Medical Institutions, the Johns Hopkins Children's Center offers one
of the most comprehensive pediatric medical programs in the country,
treating more than 90,000 children each year. U.S. News & World Report
ranks Hopkins Children's among the top three children's hospitals in
the nation. Hopkins Children's is Maryland's only state-designated
Trauma Service and Burn Unit for pediatric patients. It has recognized
Centers of Excellence in 20 pediatric subspecialties including
cardiology, transplant, psychiatric illnesses and genetic disorders.
For more information, please visit: www.hopkinschildrens.org
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 410 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 lease sites for new stores, 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 3, 2007 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.
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