Jos. A. Bank announced that it will be expanding into the tuxedo rental business. Jos. A. Bank plans to launch the new initiative this month on a test basis in approximately 5% of its stores. Following the test launch, the company plans to rollout the initiative to more than half of its stores in the spring of 2010.
R. Neal Black, President and CEO of Jos. A. Bank, said, "Our customers have asked us for this service. Although we are a national leader in the sales of tuxedos, we have not offered the specific formalwear products and services that are most commonly used by wedding parties and these products complete our formal assortment. We are continually looking for ways to expand sales and offer our customers 'one-stop' shopping. There are very few national companies in this business and with over 4.9 million customers in our database, this business offers a significant opportunity for the Company."
Jos A. Bank currenty sells but does rent tuxedos. You can see Jos A. Bank's online selection of tuxedos here.
Jos. A. Bank announced that it will be expanding into the tuxedo rental business. Jos. A. Bank plans to launch the new initiative this month on a test basis in approximately 5% of its stores. Following the test launch, the company plans to rollout the initiative to more than half of its stores in the spring of 2010.
