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Jos. A. Bank history
Jos. A. Bank company history timeline
Following the introduction of the Joseph Abboud brand, 1905 is the second new label to be added to Jos.
In 1940, they purchased a building on Hopkins Place in Baltimore to house their offices, showroom, shipping area and cutting department.
1960: Bank begins catalog sales.
1977: Women's clothing line introduced.
In 1981 the Bank family, enticed by an offer of some $20 million, sold Jos.
Timothy Finley, age 47, had been an accountant for Cannon Mills and Deloitte, Haskins & Sells before founding his crisis management firm in 1985.
Annual sales reached a peak of $112 million by 1986.
In 1988 CEO Leonard Ginsberg retired and was succeeded by David Waters, a veteran of Brooks Brothers and other major retailers.
In May 1989 Bank was restructured, and the company's lenders were given new bond notes and stock shares in exchange for accepting a delayed payment plan.
1990: Bank Nears Bankruptcy
In 1991 an agreement was reached in which they took an equity stake in Bank in exchange for their bonds.
In 1992, their expansion included a franchise concept.
In 1993 the company began to expand more aggressively, opening 11 more stores over the year in widespread locations including Kansas, Connecticut, and Texas.
A. Bank Clothiers became a publicly owned company in the Spring of 1994, trading its stock through the NASDAQ stock exchange (JOSB).
In early 1995 Chick Schwartz stepped down as president, and Finley added that job to his other duties.
The company reported losses for fiscal 1995 of $13.2 million, two-thirds of which were restructuring costs.
1995: Women's clothing dropped.
In 1997 the company resumed its expansion, opening ten stores within a 12-month period.
Numbers for fiscal 1997 delivered more good news, with $2.5 million in profits reported on $172 million in sales.
A. Bank launched its Internet site in August 1998.
In May 1999 Timothy Finley stepped down after nearly nine years as CEO. He was widely credited with saving Bank from the scrap heap.
On 12 November 2013, Ricky Sandler, CEO of Eminence Capital LLC, published a letter he sent to Men's Wearhouse CEO Douglas Ewert discussing a merger with Jos.
3, 2015 /PRNewswire/ -- In celebration of its 110 year anniversary, Jos.
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Jos. A. Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nordstrom | 1901 | $15.0B | 74,000 | 884 |
| The Children's Place | 1969 | $1.6B | 2,100 | 271 |
| Tailored Brands | 1973 | $2.9B | 19,300 | 744 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,134 |
| Neiman Marcus Group | 1907 | $4.9B | 13,500 | 11 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 2,196 |
| Forever 21 | 1984 | $4.0B | 30,000 | 32 |
| SHOE SHOW | 1960 | $6.2B | 140 | 1 |
| Dillard's | 1938 | $6.6B | 40,000 | 17 |
| Staples | 1986 | $18.2B | 75,000 | 1,660 |
Jos. A. Bank history FAQs
Zippia gives an in-depth look into the details of Jos. A. Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Jos. A. Bank. The employee data is based on information from people who have self-reported their past or current employments at Jos. A. Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Jos. A. Bank. The data presented on this page does not represent the view of Jos. A. Bank and its employees or that of Zippia.
Jos. A. Bank may also be known as or be related to Jos A Bank Clothiers Inc, Jos. A Bank Clothiers Inc., Jos. A. Bank, Jos. A. Bank Clothiers and Jos. A. Bank Clothiers, Inc.