JOSB Jos. A. Bank Clothiers, Inc. (MM)

JoS. A. Bank Clothiers, Inc. (Nasdaq National Market: JOSB) announces the promotion of two key merchandising and sourcing executives to the titles of Vice President - General Merchandise Manager and Senior Vice President of Inventory Management and Merchandise Planning. Frank Barbarino has been promoted to the position of Vice President - General Merchandise Manager for all tailored clothing. This position was most recently held by James Thorne who was promoted to Senior Vice President of Inventory Management and Planning. Mr. Barbarino will be responsible for all tailored clothing merchandising functions including design, product development, sourcing, manufacturing, and the management of sales and gross margin. Mr. Thorne's new position has been upgraded from the Vice President level as part of the company's on-going effort to position itself for continued store growth and to achieve its goal of opening and operating 500 stores in the USA. "Frank is one of the most innovative, aggressive, and savvy merchants that I have ever worked with and as the GMM he will have a tremendously positive impact on our already successful tailored clothing business," stated R. Neal Black, Chief Merchandising Officer. "After our associates, our inventory is our most valuable asset and I am very pleased to be able to promote Jim Thorne, one of our most trusted and experienced executives, to plan and manage that asset as we go through one of the most aggressive growth plans in retailing today," stated Robert N. Wildrick, President and CEO. Mr. Barbarino was previously the Divisional Vice President of Worldwide Sourcing and was responsible for the company's successful direct sourcing campaign that cut unnecessary and redundant costs from the supply chain. Mr. Barbarino joined JoS. A. Bank in 1999 and has held a variety increasingly important merchandising positions, including Merchandise Manager of Suits, during his 6 year tenure at JoS. A. Bank. He holds a Bachelors Degree from Queens College. Mr. Thorne is one of the most respected merchandising executives in the tailored clothing industry. Mr. Thorne joined JoS. A. Bank in 1986 and has held a variety increasingly important merchandising positions during his 19 year tenure at JoS. A. Bank. He holds a Bachelors Degree from the University of North Carolina. 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 281 stores in 38 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 National 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 as risks associated with economic, weather, public health and other factors affecting consumer spending, the ability of the Company to finance its expansion plans, the mix and pricing of goods sold, the market price of key raw materials such as wool and cotton, availability of lease sites for new stores, the ability to source product from its global supplier base and other competitive factors. 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, and assumes no obligation to update any of the forward-looking statements. These risks should be carefully reviewed before making any investment decision.