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JoS. A. Bank Clothiers (JOSB) warned in January that fiscal 2012 net income would be 20% less than the year before and blamed, in part, poor promotions.
Finally, Jos. A. Bank announced publicly that it would withdraw its bid on Nov. 14 if Men's Wearhouse still remained quiet, which is exactly what happened. Jos. A.
Its return on equity of 22.0% trumps the industry average of 12.9%. The Chart A hallmark of a company with staying power is consistently rising earnings and Jos. A Bank has just that.
In Jos A Banks' world, they'd rather price a suit at $1,000 and offer it at 70% off. Either place you shop, you pay $300 for a suit that might be of identical quality to the one sold at the other ...
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