[credit provider=”Alex Wong/Getty Images”] Jos. A Bank is facing a dilemma because its customers aren’t responding to the ridiculous deals it offers.But the struggling retailer has one loyal customer in Federal Reserve Chairman Ben Bernanke.
[credit provider=”Jos A Bank / YouTube” url=”https://www.youtube.com/user/josabankbrand?feature=watch”] In the apparel industry, most companies are known for their clothes.Suitmaker Jos. A Bank, however, is best known for its outrageous promotions.
[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/b/b9/Jos._A._Bank_Arborland_Shopping_Center_Ann_Arbor_Michigan.JPG”] Jos. A Bank is facing a horrible dilemma as its business model shows signs of cracking. One sentence from the company’s Friday release reveals just how bad the suit shop’s problems are.
Late Friday night, Jos. A Bank released a huge warning regarding its current year’s financial results.
[credit provider=”smithereen11 | Flickr” url=”http://www.flickr.com/photos/smithereen/4468170626/”] Friday night is a classic time for companies and government to take out the trash — release some bad news so that people forget about it over the weekend.Still, 8:05 on a Friday night is a very unusual time to drop a big earnings warning, […]
[credit provider=”Jos A Bank” url=”https://www.youtube.com/watch?v=I45E9HpQejs”] At 8:05 PM ET Friday, discount suit-seller Jos. A. Bank dropped a bombshell.”[N]et income for fiscal year 2012 is expected to be approximately 20% lower than net income for fiscal year 2011,” they wrote.
[credit provider=”Jos A Bank” url=”https://www.youtube.com/watch?v=I45E9HpQejs”] Jos. A Bank is the menswear retailer that offers the most ridiculous discounts you’ve ever heard of.You may have heard of their newest promotion: Buy 1, Get 7 Free. You buy 1 suit at regular price, and they give you 2 more free suits, 2 […]
[credit provider=”Yahoo Finance” url=”http://finance.yahoo.com/q/bc?s=JOSB&t=5d&l=on&z=l&q=l&c=”] With below estimate sales results for 2011, Men’s apparel company JoS. A. Bank’s stock is now down over 8%.Closing yesterday at 54.48 and now sitting at 49.99, it looks as if JOSB has fallen off a cliff.