Expansion of Tuxedo Rentals – JOSB Clothiers

04 May '10

2 min read

JoS. A. Bank Clothiers, Inc. announces that the Company has expanded its tuxedo rental business to over 300 stores as of May 1, and plans to add it to the rest of its stores no later than the end of the third quarter of this year. In January, 2010, the Company launched this initiative on a pilot basis in 32 of its stores.

R. Neal Black, President and CEO of JoS. A. Bank, stated: "We are pleased with our progress and results since we launched the tuxedo rental business on a pilot basis in 32 stores in the Southeast United States in mid-January. We have spent significant time and effort to ensure that we can deliver our usual high quality service to our tuxedo rental customers. To address this, we have developed an internal system to manage this business on a large-scale national basis. We will have the functionality to give all of our stores the ability to review the status of any customer's order upon request. The system will also allow customers to place orders in one store and to pick-up or drop-off the tuxedos in a different store. Simultaneously, we have developed and implemented an extensive training program to prepare our sales force to effectively promote and execute the delivery of this very service-oriented and time-sensitive product. We have also actively participated in the bridal show network in the region where the 32 pilot stores are located, and have plans to participate in bridal shows on a national basis with this larger rollout. We feel we are well positioned to start capitalizing on this significant opportunity for the Company."

JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading designers, manufacturers and retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories.

JoS. A. Bank Clothiers Inc

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