JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: "JOSB") is pleased to announce that Senior Vice President for Operations Gary Merry has been promoted to Executive Vice President. Among his new duties, Mr. Merry will head the Company�s store and catalog operations. Mr. Merry�s promotion will allow Executive Vice President Robert B. Hensley to concentrate his efforts in leading the Company�s store expansion program. Mr. Hensley will also continue to head the Company�s human resources department. Mr. Merry, 44, joined JoS. A. Bank Clothiers in 2000 and has held a wide variety of positions, including head of store development, distribution and call center. Mr. Merry will continue as Chief Information Officer of the Company. Mr. Merry will now report to, and Mr. Hensley will continue to report to, Robert N. Wildrick, Chief Executive Officer and Executive Chairman. Mr. Wildrick stated: �As we continue toward our goal of operating more than 500 stores, we are fortunate to be able to expand and focus our management team with executives of the caliber of Gary and Bob. They have both been integral to the growth of the company and we expect that they will continue to play essential roles in the accomplishment of our Company�s long-term goals.� 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 391 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.
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