BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | June 3, 1997
Jos. A. Bank Clothiers Inc., now in its fifth consecutive quarter in the black, said yesterday that earnings in the first quarter of the year doubled to $400,000, or 6 cents a share, compared with $200,000, or 3 cents a share, in the first quarter of 1996.The company said the results were affected by improved margins and new-store openings last year.The results for the quarter ended May 3 were 1 cent better than analysts' expectations.The company says it intends to open a total of 11 new stores from Louisiana to New York this year, including one in Columbia that is expected to debut in the fall.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | September 4, 1997
After rebounding from the financial problems of last year, Jos. A. Bank Clothiers Inc. said yesterday that it will capitalize on six months of positive earnings and open 25 new stores in the next 2 1/2 years.The Hampstead-based men's apparel company said earnings grew to $200,000, or 3 cents a share, for the quarter ended Aug. 2, compared with a loss of $600,000, or 8 cents, for the same period in 1996."I think the apparel market rebounded somewhat and we rode it," said Timothy F. Finley, chairman and chief executive officer of the company.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | September 4, 1993
This is a lousy time -- and Maryland is a lousy place -- to be looking for a job. But don't tell Timothy F. Finley.As chief executive of Hampstead-based Jos. A. Bank Clothiers Inc., he is among the small group of Maryland executives who are boosting employment these days.A report released Thursday said that Maryland suffered the second-largest job loss of any state in the 12 months that ended in July. But Bank is heading in the other direction. An aggressive expansion campaign -- including six new stores planned this month -- has meant dozens of new manufacturing jobs in Maryland.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | February 12, 2005
Jos. A. Bank Clothiers Inc. has signed a lease to open its first airport store at the mall taking shape at Baltimore-Washington International Airport. The Hampstead-based retailer plans to use the new location to target the business traveler, including men running late for flights who may have forgotten to pack that tie or pair of dress socks. The 966-square-foot store, to open in May in the new Southwest Airlines concourse, will carry Bank's travel-ready attire, a line of wrinkle-free suits, shirts and accessories.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | February 4, 2001
Most retailers would just as soon forget Holiday 2000. Not Jos. A. Bank Clothiers Inc. In between selling camel hair blazers and lamb's wool sport coats, managers and salesmen at Bank's 117 stores pulled out lists of names sent by corporate headquarters, got on the phone and alerted customers to apparel that was in stock, in their size and on sale. In two months, the stores called 200,000 people. While other national chains missed December sales goals, Hampstead-based Bank set records.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | March 30, 1997
If he was keeping up with industry trends, Timothy Finley would have done the sensible thing.He would have closed the old Jos. A. Bank Clothiers Inc. sewing factory on North Avenue next year when his workers' union contract expired, sending 409 employees packing, and turned to the Caribbean or Mexico to make 200,000 pairs of pants and 124,000 coats.After all, the nation has lost half its apparel manufacturing jobs -- from 1.5 million in the 1970s to 822,000 today -- to foreign manufacturers as retailers searched for cheap labor, where theoretically one can save about $15 on every pair of pants or jacket.