In 1905, It was established and opperated in over 800 stores in 42 states and the District of Columbia, as well as through a nationally distributed catalog and an e-commerce website. it's headquarters is in Hampstead, Carroll County, Maryland. the online retailer offers products such as men's tailored and casual clothing, footwear and accessories.
in 1866, Charles Bank came to Baltimore, Maryland, from Lithuania and opened a small tailor shop in the city. By the start of the 20th century, he had opened a branch manufacturing of pants.
in 1898 His grandson, Joseph A. Bank, joined his small company. An in Over the next ten years, Joseph became a wholesale salesperson, selling pants in the South.
In 1905, Moses Hartz established a men’s clothing manufacturing company. And his widow Lena Hartz took the online shopping store in 1921. Their daughter, Anna Hartz, was a traveling salesperson for the firm. Although they were rivals in business, Anna Still married Joseph Bank.
In 1922, Joseph joined forces with his new mother-in-law and formed L. Hartz and Bank. This new company manufactured and sold suits to retailers throughout the region.
Over the years, the company grew and prospered.
Shop Jos a bank clothiers' high quality, tailored and casual menswear. Choose from our collection of suits, sportswear, shoes and dress shirts at affordable prices. With best discounts, sale off and coupon.
In 1940, they purchased a building on Hopkins Place in Baltimore to house their offices, showroom, shipping area and cutting department and created a news branch of fashion design house.
In 1945, Joseph Bank and his son, Howard, bought out the Hartz interest in the company and formed JoS. A. Bank and Co.
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. And the beginning of the retailer, Louie's, Inc., in Washington, D.C., opened with to sell their clothing.
In 1954, Joseph Bank died, Howard took the operation of the online tailor store.
By 1981, JoS. A. Bank had 11 best 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.
By 1985, as that relationship proved mutually beneficial, there were 25 stores.
In 1986, Quaker decided to concentrate its efforts on its core businesses and Jos e 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”.
In August 1998 JoS. A. Bank launched its online shopping store in the Internet.
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.
In December 2013, Ja bank turned down the takeover offer from competitor Men’s Wearhouse, saying the $1.54 billion bid was too low.
On February 14, 2014, Jos. A. Bank Clothiers announced plans to buy outdoor retailer Eddie Bauer in a $825 million deal. 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.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.” 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.
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 Bank for $1.8 billion. As part of the deal, Bank would terminate its agreement to acquire Eddie Bauer.
Like Savil Row Tailoring is also available in all of our store
Source: wiki
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