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EXHIBIT 99.1

JoS. A. Bank Clothiers Reports Third Quarter of Fiscal Year 2012 Results

HAMPSTEAD, Md., Nov. 28, 2012 (GLOBE NEWSWIRE) -- JoS. A. Bank Clothiers, Inc. (Nasdaq:JOSB) announces that net income for the third quarter of fiscal year 2012 decreased 11.2% to $13.3 million as compared with net income of $15.0 million for the third quarter of fiscal year 2011. Diluted earnings per share for the third quarter of fiscal year 2012 decreased 13.0% to $0.47 per share as compared with diluted earnings per share of $0.54 for the third quarter of fiscal year 2011. Total sales for the third quarter of fiscal year 2012 increased 11.1% to $232.9 million from $209.6 million in the third quarter of fiscal year 2011. Comparable store sales increased 4.8% and Direct Marketing sales increased 25.8% in the third quarter of 2012.

Comparing the first nine months of fiscal year 2012 with the first nine months of fiscal year 2011, net income declined 3.8% to $51.3 million as compared with $53.3 million and diluted earnings per share declined 4.2% to $1.83 per share as compared to $1.91 per share. Total sales for the first nine months of fiscal year 2012 increased 9.6% to $694.5 million from $633.6 million for the first nine months of fiscal year 2011, while comparable store sales increased 3.5% and direct marketing sales increased 21.8%.

The third quarter of fiscal year 2012 ended October 27, 2012; the third quarter of fiscal year 2011 ended October 29, 2011.

"We are pleased that we were able to deliver comparable store sales growth and Direct Marketing segment sales growth during the third quarter of fiscal year 2012. However, we are disappointed that our net income declined versus the same period a year ago. We had a decline in our operating income margin due to additional markdowns and promotional activity which were needed to drive these sales. Also, Hurricane Sandy, which hit along the East Coast where the majority of our largest volume regions are located, negatively impacted third quarter sales, particularly when we ran a big promotion right at the end of the quarter," stated R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. "The hurricane, along with the distractions of the national election, continued to have a negative impact in the first weeks of November. In November, for the start of the fourth quarter, comparable store sales were down. With the critical month of December still ahead of us, and continued pressure on margins, we remain cautious for the outcome of the fourth quarter," continued Mr. Black.

A conference call to discuss the third quarter of fiscal year 2012 earnings will be held Thursday, November 29, 2012 at 11:00 a.m. Eastern Time (ET). To join in the call please dial (USA) 800-230-1059 or (International) 612-234-9959 at least five minutes before 11:00 a.m. ET. A replay of the conference call will be available after 1:00 p.m. ET on November 29, 2012 until December 6, 2012 at 11:59 p.m. ET by dialing (USA) 800-475-6701 or (International) 320-365-3844. The access code for the replay will be 270157. In addition, a webcast replay of the conference call will be posted on the investor relations section of our website: www.josbank.com.

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. The Company sells its full product line through 599 stores in 44 states and the District of Columbia, a nationwide catalog and an e-commerce website that can be accessed at www.josbank.com. The Company is headquartered in Hampstead, Md., and its common stock is listed on the NASDAQ Global Select Market under the symbol "JOSB."

Our statements concerning future operations contained herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forecasted due to a variety of factors outside of our control that can affect our operating results, liquidity, and financial condition. Such factors include risks associated with economic, weather, public health and other factors affecting consumer spending, including negative changes to consumer confidence and other recessionary pressures, higher energy and security costs, the successful implementation of our growth strategy, including our ability to finance our expansion plans, the mix and pricing of goods sold, the effectiveness and profitability of new concepts, the market price of key raw materials such as wool and cotton, seasonality, merchandise trends and changing consumer preferences, the effectiveness of our marketing programs, including compliance with relevant legal requirements, the availability of suitable lease sites for new stores, doing business on an international basis, the ability to source product from our global supplier base, legal and regulatory matters and other competitive factors. The identified risk factors and other factors and risks that may affect our business or future financial results are detailed in our filings with the Securities and Exchange Commission, including, but not limited to, those described under "Risk Factors" in our Annual Report on Form 10-K for the year ended January 28, 2012 and our subsequent Quarterly Reports on Form 10-Q filed through the date hereof. These cautionary statements qualify all of the forward-looking statements we make herein. We cannot assure you that the results or developments anticipated by us will be realized or, even if substantially realized, that those results or developments will result in the expected consequences for us or affect us, our business or our operations in the way we expect. We caution you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. We do not undertake an obligation to update or revise any forward-looking statements to reflect actual results or changes in our assumptions, estimates or projections. These risks should be carefully reviewed before making any investment decision.

 
JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
         
  Three Months Ended Nine Months Ended
  October 29,
2011
October 27,
2012
October 29,
2011
October 27,
2012
  (In thousands, except per share information)
Net sales $ 209,635 $ 232,851 $ 633,567 $ 694,548
Cost of goods sold 78,383 100,205 233,095 281,255
Gross profit 131,252 132,646 400,472 413,293
Operating expenses:        
Sales and marketing, including occupancy costs 86,917 94,354 253,889 276,306
General and administrative 20,118 17,124 58,731 54,295
Total operating expenses 107,035 111,478 312,620 330,601
Operating income 24,217 21,168 87,852 82,692
Other income (expense):        
Interest income 45 117 260 286
Interest expense (290) (4) (311) (21)
Total other income (expense) (245) 113 (51) 265
Income before provision for income taxes 23,972 21,281 87,801 82,957
Provision for income taxes 8,990 7,976 34,455 31,662
Net income $ 14,982 $ 13,305 $ 53,346 $ 51,295
Per share information:        
Earnings per share:        
Basic $ 0.54  $ 0.48 $ 1.92 $ 1.84
Diluted $ 0.54  $ 0.47 $ 1.91 $ 1.83
Weighted average shares outstanding:        
Basic 27,828 27,933 27,733 27,883
Diluted 27,972 28,017 27,953 28,005

Note: The foregoing unaudited Consolidated Statements of Income are excerpts from our unaudited Consolidated Financial Statements for the three and nine months ended October 29, 2011 and October 27, 2012 and do not include the Notes, which are considered an integral part thereof. The foregoing unaudited financial information should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 27, 2012 which was filed with the Securities and Exchange Commission on November 28, 2012. 

 
JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
 
  January 28, 2012 October 27, 2012
  (In thousands)
  (Audited) (Unaudited)
ASSETS    
CURRENT ASSETS:    
Cash and cash equivalents $ 87,230 $ 28,932
Short-term investments 240,252 246,485
Accounts receivable, net 15,906 17,869
Inventories:    
Finished goods 288,182 366,415
Raw materials 16,473 13,210
Total inventories 304,655 379,625
Prepaid expenses and other current assets 20,886 30,492
Total current assets 668,929 703,403
NONCURRENT ASSETS:    
Property, plant and equipment, net 144,392 152,033
Other noncurrent assets 291 289
Total assets $ 813,612 $ 855,725
LIABILITIES AND STOCKHOLDERS' EQUITY    
CURRENT LIABILITIES:    
Accounts payable $ 66,664 $ 53,019
Accrued expenses 92,937 97,564
Deferred tax liability — current 8,479 8,472
Total current liabilities 168,080 159,055
NONCURRENT LIABILITIES:    
Deferred rent 47,600 46,158
Deferred tax liability — noncurrent 11,973 11,065
Other noncurrent liabilities 1,025 1,536
Total liabilities 228,678 217,814
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY:    
Common stock 277 278
Additional paid-in capital 91,766 93,447
Retained earnings 493,022 544,317
Accumulated other comprehensive income (loss) (131) (131)
Total stockholders' equity 584,934 637,911
Total liabilities and stockholders' equity $ 813,612 $ 855,725

Note: The foregoing audited and unaudited Consolidated Balance Sheets are excerpts from our Consolidated Financial Statements (as of January 28, 2012 and as of October 27, 2012) and do not include the Notes, which are an integral part thereof. The foregoing financial information should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 27, 2012 and the Annual Report on Form 10-K for the fiscal year ended January 28, 2012, which were filed with the Securities and Exchange Commission on November 28, 2012 and March 28, 2012, respectively. 

 
JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(Unaudited)
 
  Nine Months Ended
  October 29,
2011
October 27,
2012
  (In thousands)
Cash flows from operating activities:    
Net income $ 53,346 $ 51,295
Adjustments to reconcile net income to net cash (used in) operating activities:    
Depreciation and amortization 19,173 20,910
Loss on disposals of property, plant and equipment 221 207
Non-cash equity compensation 2,040 1,688
Increase (decrease) in deferred taxes 3,141 (915)
Net (increase) in operating working capital and other components (84,837) (102,821)
Net cash (used in) operating activities (6,916) (29,636)
Cash flows from investing activities:    
Capital expenditures (26,215) (22,423)
Proceeds from maturities of short-term investments 348,768 352,522
Payments to acquire short-term investments (283,605) (358,755)
Net cash provided by (used in) investing activities 38,948 (28,656)
Cash flows from financing activities:    
Income tax benefit from equity compensation plans 1,883 72
Net proceeds from issuance of common stock 546 556
Tax payments related to equity compensation plans (634)
Net cash provided by (used in) financing activities 2,429 (6)
Net increase (decrease) in cash and cash equivalents 34,461 (58,298)
Cash and cash equivalents — beginning of period 80,979 87,230
Cash and cash equivalents — end of period $ 115,440 $ 28,932

Note: The foregoing unaudited Consolidated Statements of Cash Flows are excerpts from our unaudited Consolidated Financial Statements for the nine months ended October 29, 2011 and October 27, 2012 and do not include the Notes, which are considered an integral part thereof. The foregoing unaudited financial information should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 27, 2012, which was filed with the Securities and Exchange Commission on November 28, 2012.

CONTACT: JoS. A. Bank Clothiers, Inc., Hampstead, Md.
         David E. Ullman
         EVP/CFO
         410-239-5715

         or Investor Relations Information Request Website
         (http://phx.corporate-ir.net/phoenix.zhtml?c=113815&p=irol-IRHome)
         or Investor Relations Voicemail, 410-239-5900

         E-commerce Address for JoS. A. Bank Clothiers, Inc.:
         www.josbank.com