contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2014 learn how and when to remove this template message jos. a. bank clothiers type subsidiary industry clothier founded baltimore maryland 1905 founder charles bank joseph a. bank headquarters hampstead maryland u.s. key people douglas s. ewert ceo jon w. kimmins cfo & evp products men s clothing revenue us 1.04 billion 2012 1 operating income us 128.4 million 2012 1 net income us 79.6 million 2012 1 total assets us 894 million 2012 1 total equity us 667.5 million 2012 1 number of employees 6340 1 parent men s wearhouse website www.josbank.com jos. a. bank store arborland center joseph a. bank clothiers inc. also known by the abbreviated name jos. a. bank clothiers a is a retailer of men s clothing particularly known for its low priced men s suits . established in 1905 it sells its products in over 800 stores throughout the united states and by catalog and e commerce . 2 the company has its headquarters in hampstead carroll county maryland . 3 4 jos. a. bank offers tuxedo rentals through its parent company men s wearhouse . contents 1 history 1.1 attempted eddie bauer acquisition 1.2 acquisition by men s wearhouse 2 popular culture 3 notes 4 references 5 external links history edit charles bank came to baltimore maryland from lithuania in 1866 and opened a small tailor shop in the city . by the start of the 20th century he had branched out into the manufacturing of pants and his grandson joseph a. bank joined his small company in 1898 as a cloth cutter when he was 11 years old . over the next ten years joseph became a wholesale salesperson traveling in the south to sell pants . in 1905 moses hartz established a men s clothing manufacturing company which was taken over by his widow lena hartz in 1921 . their daughter anna hartz was a traveling salesperson for the firm . although they were rivals in business anna married joseph bank . in 1922 joseph joined forces with his new mother in law and formed l. hartz and bank . 5 this new company manufactured and sold suits to retailers throughout the region . over the years the company grew and prospered and in 1940 they purchased a building on hopkins place in baltimore to house their offices showroom shipping area and cutting department . in 1945 joseph bank and his son howard bought out the hartz interest in the company and formed jos. a. bank and co. 6 following world war ii there was a severe shortage of men s tailored clothing . a decision was made to specialize in that merchandise and to sell directly to the consumer rather than wholesale . as a result a deal was struck with a retailer louie s inc. in washington d.c. to sell their clothing . in 1954 joseph bank died and operation of the company was assumed by howard . by 1981 jos. a. bank had 11 retail stores and a growing catalog business . that year the company was purchased by the quaker oats company and became part of their specialty retailing group along with eyelab and brookstone . that relationship proved mutually beneficial and by 1985 there were 25 stores . in 1986 quaker decided to concentrate its efforts on its core businesses and jos. a. bank once again became a privately owned corporation . in 1992 their expansion included a franchise concept . in the spring of 1994 jos. a. bank clothiers became a publicly owned company trading its stock through the nasdaq stock exchange josb . in 1998 jos. a. bank clothiers sold its manufacturing division and now out sources its production . this has enabled the company to focus on its retail business . much of the tailored clothing is factory direct . jos. a. bank launched its internet site in august 1998 . 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. a. bank clothiers inc as part of an ongoing attempt by jos. a. bank to merge with men s wearhouse . 7 in december 2013 jos. a bank turned down the takeover offer from competitor men s wearhouse saying the 1.54 billion bid was too low . 8 attempted eddie bauer acquisition edit on february 14 2014 jos. a. bank clothiers announced plans to buy outdoor retailer eddie bauer in a 825 million deal . 9 men s wearhouse quickly filed a lawsuit to block the proposed deal on the basis that it served only to make jos. a. bank an undesirable acquisition target . 10 the lawsuit was expedited by delaware judge j. travis laster who agreed that the eddie bauer deal was likely defensive posturing on the part of jos. a. bank . according to laster the eddie bauer transaction may well have fallen outside the range of reasonableness . 11 laster ordered jos. a. bank to submit documents pertaining to the acquisition and required it to notify men s wearhouse at least 10 days before closing a deal with eddie bauer . acquisition by men s wearhouse edit on march 11 2014 jos. a. bank and men s wearhouse announced that both boards of directors had agreed to merge with men s wearhouse acquiring jos. a. bank for 1.8 billion . 12 as part of the deal bank terminated its plan to acquire eddie bauer . in march 2016 tailored brands announced it would close 250 stores including 80 to 90 full price jos. a. bank locations all jos. a. bank outlets and 100 to 110 men s wearhouse tuxedo shops . 13 popular culture edit a march 2014 episode of saturday night live teased the company s aggressive promotions and discounting strategy with a fake commercial in which jos. a. bank suits were promoted as an alternative to paper towels . in the ad vanessa bayer declares with their innovative buy 1 get 3 free pricing a suit from jos. a. bank is effectively cheaper than paper towels the sketch went on to show bayer using jos. a. bank suits to clean up food spills and other messes . 14 15 notes edit jos. is a traditional abbreviation for joseph while the capitalization of the s is simply stylistic . references edit a b c d e f united states securities and exchange commission washington dc 20549 form 10 k annual report . phx.corporate ir.net . retrieved 2013 11 02 . company information . jos. a. bank clothiers inc. retrieved february 17 2012 . career opportunities . jos. a. bank clothiers . retrieved on may 15 2010 . town of hampstead zoning map . town of hampstead . retrieved on may 15 2010 . 1 archived december 26 2009 at the wayback machine . history of jos. a. bank clothiers inc. fundinguniverse . fundinguniverse.com . retrieved 2013 11 02 . karr arnold j. 12 november 2013 . men s wearhouse open to jos. a. bank talks investor says . wwd . retrieved 12 november 2013 . ap 23 december 2013 . jos. a. bank turns down men s wearhouse offer . advisories . retrieved 23 december 2013 . sherman natalie ; mirabella lorraine . jos. a. bank to acquire eddie bauer in deal worth 825 million . the baltimore sun . retrieved 15 february 2014 . men s wearhouse adds fiery lawsuit more money to takeover fight . bloomberg businessweek . retrieved 2014 04 28 . judge expedites men s wearhouse lawsuit . new york times dealbook . retrieved 2014 04 28 . jos. a. bank and quantitative easing have a lot in common business insider luther turmelle jos. a. bank to close 250 stores ; connecticut has 14 locations new haven register march 11 2016 dumenco simon 31 march 2014 . did jos. a. bank s buy 1 get 3 free suit sales make this harsh snl parody inevitable . adage.com . ad age . retrieved 19 april 2014 . swift tim 31 march 2014 . saturday night live literally burns jos. a. bank with brutal parody . baltimoresun.com . baltimore sun . retrieved 19 april 2014 . external links edit maryland portal companies portal wikimedia commons has media related to jos. a. bank clothiers . official website retrieved from https en.wikipedia.org w index.php title jos. a. bank clothiers & oldid 743279770 categories 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