|  | United States                                                                           
|- | ----------------------------------------------------------------------------------------
|  | Securities and Exchange Commission                                                      
|  | Washington, DC 20549                                                                    
|  |                                                                                         
|  | FORM 10-Q                                                                               
|  |                                                                                         
|  |                                                                                         
|x | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|  |                                                                                         
|  | For the quarterly period ended May 5, 2007.                                             
|  |                                                                                         
|  | or                                                                                      
|  |                                                                                         
|o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|  |                                                                                         
|  | Commission File Number 0-23874                                                          

| |                                                                                   
| | ----------------------------------------------------------------------------------
| | Jos. A. Bank Clothiers, Inc.(Exact name of registrant as specified in its charter)
| |                                                                                   
| | Delaware(State incorporation)                                                     
|
| | 500 Hanover Pike, Hampstead, MD                                                   
| | (Address of Principal Executive Offices)                                          

410-239-2700(Registrants telephone number including area code)None(Former name or former address, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YesxNoo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer (see definition of accelerated filer and large accelerated filer in Rule 12b-2 of the
Exchange Act):

Large accelerated filero
Accelerated filerx
Non-accelerated filero

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):

YesxNoo

Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date:

| | Class                                  |  | Outstanding as of June 5, 2007 | 
| | -------------------------------------- |  | ------------------------------ | 
| | Common Stock, $.01 par
          value |  | 18,089,886                     | 

---



|JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
|---------------------------------------------
|                                             
|Index                                        
|                                             
|                                             
|Part I.                                      
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|Part II.                                     
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|Signature                                    
|                                             
|Exhibit Index                                

2

---





|PART I. | FINANCIAL INFORMATION                                     |  | 
|------- | --------------------------------------------------------- |  | 
|        |                                                           |  | 
|Item 1. | Unaudited Condensed Consolidated Financial
    Statements |  | 

|                                                           
|-----------------------------------------------------------
|                                                           
|JOS. A.
          BANK CLOTHIERS, INC. AND SUBSIDIARIES    
|Condensed
          Consolidated Statements of Income      
|Three Months
          Ended April 29, 2006 and May 5, 2007
|(In thousands
        except per share data)               
|(Unaudited)                                                



|                                         | Three Months Ended |        
|---------------------------------------- | ------------------ | -------
|                                         | April 29, 2006     |        
|                                        
|Net sales                                | $                  | 113,665
|                                        
|Cost of goods sold                       |                    | 43,914 
|                                        
|Gross profit                             |                    | 69,751 
|                                        
|Operating expenses:                      |                    |        
|Sales and marketing                      |                    | 47,116 
|General and administrative               |                    | 12,200 
|Total operating expenses                 |                    | 59,316 
|                                        
|Operating income                         |                    | 10,435 
|                                        
|Other income (expense):                  |                    |        
|Interest income                          |                    | 23     
|Interest expense                         |                    | (344   
|Total other income (expense)             |                    | (321   
|                                        
|Income before provision for income taxes |                    | 10,114 
|Provision for income taxes               |                    | 4,253  
|                                        
|Net income                               | $                  | 5,861  
|                                        
|Earnings per share:                      |                    |        
|Net income:                              |                    |        
|Basic                                    | $                  | 0.33   
|Diluted                                  | $                  | 0.32   
|Weighted average shares outstanding:     |                    |        
|Basic                                    |                    | 17,884 
|Diluted                                  |                    | 18,347 
|                                        
|See accompanying notes                  

3

---



|JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
|---------------------------------------------
|Condensed Consolidated Balance Sheets        
|As of February 3, 2007 and May 5, 2007       
|(In Thousands)                               
|(Unaudited)                                  
|                                             
|                                             
|ASSETS                                       
|CURRENT ASSETS:                              
|Cash and cash equivalents                    
|Accounts receivable, net                     
|Inventories:                                 
|Finished goods                               
|Raw materials                                
|Total inventories                            
|Prepaid expenses and other current assets    
|                                             
|Total current assets                         
|                                             
|NONCURRENT ASSETS:                           
|Property, plant and equipment, net           
|Other noncurrent assets                      
|Total assets                                 
|                                             
|LIABILITIES AND STOCKHOLDERS EQUITY         
|                                             
|CURRENT LIABILITIES:                         
|Accounts payable                             
|Accrued expenses                             
|Deferred tax liability  current             
|Total current liabilities                    
|                                             
|NONCURRENT LIABILITIES:                      
|Long-term debt                               
|Noncurrent lease obligations                 
|Deferred tax liability  noncurrent          
|Other noncurrent liabilities                 
|Total liabilities                            
|                                             
|COMMITMENTS AND CONTINGENCIES                
|                                             
|STOCKHOLDERS EQUITY:                        
|Common Stock                                 
|Additional paid-in capital                   
|Retained earnings                            
|Accumulated other comprehensive losses       
|Total stockholders equity                   
|Total liabilities and stockholders equity   
|                                             
|See accompanying notes                       

4

---



|JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES                                
|-----------------------------------------------------------------------------
|Condensed Consolidated Statements of Cash Flows                              
|Three Months Ended April 29, 2006 and May 5, 2007                            
|(In Thousands)                                                               
|(Unaudited)                                                                  
|                                                                             
|                                                                             
|                                                                             
|Cash flows from operating activities:                                        
|Net income                                                                   
|Adjustments to reconcile net income to net cash used in operating activities:
|Depreciation and amortization                                                
|Loss on disposals of property, plant and equipment                           
|Increase (decrease) in deferred taxes                                        
|Net increase in operating working capital and other components               
|                                                                             
|Net cash used in operating activities                                        
|                                                                             
|Cash flows from investing activities:                                        
|Capital expenditures                                                         
|                                                                             
|Net cash used in investing activities                                        
|                                                                             
|Cash flows from financing activities:                                        
|Borrowings under long-term Credit Agreement                                  
|Repayments under long-term Credit Agreement                                  
|Proceeds from long-term debt                                                 
|Repayment of other long-term debt                                            
|Income tax benefit from exercise of stock options                            
|Net proceeds from exercise of stock options                                  
|                                                                             
|Net cash provided by financing activities                                    
|                                                                             
|Net decrease in cash and cash equivalents                                    
|                                                                             
|Cash and cash equivalents  beginning of period                              
|                                                                             
|Cash and cash equivalents  end of period                                    
|                                                                             
|See accompanying notes                                                       

5

---



JOS. A. BANK CLOTHIERS, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)
(Amounts in Thousands Except Per Share Amounts and the Number of Stores, or as Otherwise Noted)



|1. | BASIS
            OF PRESENTATION
      Jos.
          A. Bank Clothiers, Inc. (the Company) is a nationwide retailer
          of classic mens apparel through conventional retail stores and
          catalog and Internet direct marketing. The condensed consolidated financial
          statements include the accounts of the Company and its wholly-owned
          subsidiaries. All significant intercompany balances and transactions
          have been eliminated in consolidation.
      The
          results of operations for the interim periods shown in this report
          are not necessarily indicative of results to be expected for the fiscal
          year. In the opinion of management, the information contained herein
          reflects all adjustments necessary to make the results of operations
          for the interim periods a fair statement of the operating results for
          these periods. These adjustments are of a normal recurring nature.
      The
          accompanying unaudited Condensed Consolidated Financial Statements
          have been prepared in accordance with generally accepted accounting
          principles for interim financial information and with the instructions
          to Form 10-Q and Rule 10-01 of Regulation S-X and therefore do not
          include all of the information and footnotes required by accounting
          principles accepted in the United States for comparable annual financial
          statements. Certain notes and other information have been condensed
          or omitted from the interim financial statements presented in this
          Quarterly Report on Form 10-Q. Therefore, these financial statements
          should be read in conjunction with the Companys Annual Report
          on Form 10-K for the fiscal year ended February 3, 2007 (fiscal
          2006).
      ReclassificationsCertainamounts
          for the three months ended April 29, 2006 have been reclassified to
          conform with the presentation in the three months ended May 5, 2007.
          The Company reclassified certain store opening costs to sales and marketing
          expense in the accompanying unaudited Condensed Consolidated Statements
          of Income. In addition, interest income is reported separately from
          interest expense in the accompanying unaudited Condensed Consolidated
          Statements of Income.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|2. | SIGNIFICANT
            ACCOUNTING POLICIES
      Inventories The
          Company records inventory at the lower of cost or market (LCM).
          Cost is determined using the first-in, first-out method. The Company
          capitalizes into inventory certain warehousing and freight delivery
          costs associated with shipping its merchandise to the point of sale.
          The Company periodically reviews quantities of inventories on hand
          and compares these amounts to the expected sale of each product. The
          Company records a charge to cost of goods sold for the amount required
          to reduce the carrying value of inventory to net realizable value.
      Vendor
              Rebates The
              Company receives credits from vendors in connection with inventory
              purchases. The credits are separately negotiated with each vendor.
              Substantially all of these credits are earned in one of two ways:
              a) as a fixed percentage of purchases when an invoice is paid or
              b) as an agreed-upon amount in the month a new store is opened.
              There are no contingent minimum purchase amounts, milestones or
              other contingencies that are required to be met to earn the credits.
              The credits described in a) above are recorded as a reduction to
              inventories in the Condensed Consolidated Balance Sheet as the
              inventories are purchased and the credits described in b) above
              are recorded as a reduction to inventories as new stores are opened.
              In both cases, the credits are recognized as reductions to cost
              of goods sold as the product is sold.
      Landlord
              Contributions Landlord
              contributions are accounted for as an increase to noncurrent lease
              obligations and as an increase to prepaid and other current assets
              until collected. When collected, the Company records cash and reduces
              the prepaid and other current assets account. The landlord contributions
              are presented in the Condensed Consolidated Statements of Cash
              Flows as an operating activity. The noncurrent lease obligations
              are amortized over the life of the lease in a manner that is consistent
              with the Companys policy to straight-line rent expense over
              the term of the lease. The amortization is recorded as a reduction
              to sales and marketing expense which is consistent with the classification
              of lease expense.
      Stock
              Options In December
              2004, the Financial Accounting Standards Board (FASB)
              issued Statement of Financial Accounting Standards (SFAS)
              No. 123(R), Share-Based Payment(SFAS
    123R), which revises



6

---





| | SFAS No. 123, Accounting
          for Stock-Based Compensation, as amended by SFAS No. 148, Accounting
          for Stock Based Compensation-Transition and Disclosure. SFAS
          123R supersedes APB Opinion No. 25, Accounting for Stock Issued
          to Employees and requires all stock-based compensation to be
          recognized as an expense in the financial statements and that such
          costs be measured according to the fair value of the award. SFAS 123R
          became effective for the Company at the beginning of the fiscal 2006,
          and the Company accounts for the effects of SFAS 123R under the modified
          prospective application. All stock options were fully vested prior
          to fiscal 2006. Therefore, adoption of the provisions of SFAS 123R
          did not have an impact on the Companys accompanying condensed
          consolidated balance sheets and statements of income. While there are
          currently no unvested options, the Company will continue to use the
          Black-Scholes option valuation model for future stock options granted,
          if any.
      Recently
              Issued Accounting StandardsIn
              February 2007, the FASB issued SFAS No. 159, The Fair Value
              Option for Financial Assets and Financial Liabilities  including
              an amendment of FASB Statement No. 115, (SFAS 159).
              SFAS 159 permits entities to choose to measure many financial instruments
              and certain other assets and liabilities at fair value on an instrument-by-instrument
              basis (the fair value option). SFAS 159 becomes effective for the
              Company on February 3, 2008. The Company is currently assessing
              the impact, if any, of this statement on its consolidated financial
              statements.
      Effective
          February 4, 2007, the Company adopted the FASB Emerging Issues Task
          Force (Task Force) No. 06-3, How Sales Taxes
          Collected from Customers and Remitted to Governmental Authorities Should
          Be Presented in the Income Statement (That Is, Gross Versus Net Presentation) (EITF
          06-3). The Task Force reached a consensus that a company should
          disclose its accounting policy (i.e., gross or net presentation) regarding
          presentation of taxes within the scope of EITF 06-3. If taxes included
          in gross revenues are significant, a company should disclose the amount
          of such taxes for each period for which an income statement is presented.
          The Company conforms to a net presentation on its consolidated financial
    statements.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

|3. | SUPPLEMENTAL CASH FLOW DISCLOSURE                                                          |   |                    |  |   |             | 
|-- | ------------------------------------------------------------------------------------------ | - | ------------------ |  | - | ----------- | 
|  
|   | The net change in operating working capital and other components consist of the following: |   |                    | 
|  
|   |                                                                                            |   | Three Months Ended | 
|   |                                                                                            |   | April 29, 2006     |  |   | May 5, 2007 | 
|  
|   | Increase in accounts receivable                                                            | $ | (1,463)            |  | $ | (2,056)     | 
|   | (Increase) decrease in inventories                                                         |   | (7,363)            |  |   | 3,208       | 
|   | Increase in prepaid expenses and other assets                                              |   | (9,196)            |  |   | (3,539)     | 
|   | Decrease in accounts payable                                                               |   | (7,510)            |  |   | (11,199)    | 
|   | Decrease in accrued expenses and other liabilities                                         |   | (9,567)            |  |   | (9,165)     | 
|  
|   | Net increase in operating working capital and other                                        | $ | (35,099)           |  | $ | (22,751)    | 
|  
|   | Interest and income taxes paid were as follows:                                            |   |                    |  |   |             | 
|   |                                                                                            |   | Three Months Ended | 
|   |                                                                                            |   | April 29, 2006     |  |   | May 5, 2007 | 
|  
|   | Interest paid                                                                              | $ | 291                |  | $ | 99          | 
|   | Income taxes paid                                                                          | $ | 15,488             |  | $ | 18,884      | 
|  
|  
|4. | EARNINGS PER SHARE                                                                         |   |                    |  |   |             | 
|   |                                                                                            |   |                    |  |   |             | 

| | Basic
        net income per share is calculated by dividing net income by the weighted
        average number of common shares outstanding for the year. Diluted net
        income per share is calculated by dividing net income by the diluted
        weighted average common shares, which reflect the potential dilution
        of stock options. The weighted average shares used to calculate basic
    and diluted earnings per share are as follows:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 



7

---







| |  |                                                     |  | Three Months Ended
| |  | --------------------------------------------------- |  | ------------------
| |  |                                                     |  | April 29, 2006    
| |  | Weighted average shares outstanding for basic EPS   |  | 17,884            
| |  |                                                     |  |                   
| |  | Dilutive effect of common stock equivalents         |  | 463               
| |  |                                                     |  |                   
| |  | Weighted average shares outstanding for diluted EPS |  | 18,347            
| |  |                                                    

|   | The
        Company uses the treasury stock method for calculating the dilutive effect
    of stock options. There were no anti-dilutive options as of April 29, 2006
    and May 5, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|5. | INCOME TAXES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Effective
          February 4, 2007, the Company adopted the provisions of FASB Interpretation
          No. 48, Accounting for Uncertainty in Income Taxes (FIN
          48). FIN 48 is an interpretation of SFAS Statement No. 109, Accounting
          for Income Taxes, that prescribes a recognition threshold and
          measurement attribute for the financial statement recognition and measurement
          of a tax position taken or expected to be taken in a tax return. In
          addition, FIN 48 requires expanded disclosure with respect to the uncertainty
          in income taxes.
      Also
          effective February 4, 2007, the Company adopted FASB Staff Position
          (FSP) No. FIN 48-1, Definition of Settlement in FASB
          Interpretation No. 48, (FSP FIN 48-1), which was
          issued on May 2, 2007. FSP FIN 48-1 amends FIN 48 to provide guidance
          on how an entity should determine whether a tax position is effectively
          settled for the purpose of recognizing previously unrecognized tax
          benefits. The term effectively settled replaces the term ultimately
          settled when used to describe recognition, and the terms settlement or settled replace
          the terms ultimate settlement or ultimately settled when
          used to describe measurement of a tax position under FIN 48. FSP FIN
          48-1 clarifies that a tax position can be effectively settled upon
          the completion of an examination by a taxing authority without being
          legally extinguished. For tax positions considered effectively settled,
          an entity would recognize the full amount of tax benefit, even if the
          tax position is not considered more likely than not to be sustained
          based solely on the basis of its technical merits and the statute of
          limitations remains open.
      As
          a result of the evaluation and implementation of FIN No. 48 and FSP
          FIN 48-1, the Company concluded no adjustment in the consolidated financial
          statements was necessary. At the date of adoption, the total unrecognized
          tax benefits were approximately $0.8 million, of which $0.4
          million represented accrued interest and penalties. If resolved in
          the Companys favor, approximately $0.3 million (after considering
          the impact of income taxes) would favorably affect the Companys
          effective tax rate. The Company does not expect that the total amount
          of unrecognized tax benefits will significantly change in the next
          twelve months. The Company recognizes accrued interest and penalties
          related to unrecognized tax benefits in the provision for income taxes
          on the Consolidated Statement of Income.
      The
          Company files income tax returns in the U.S. federal and various state
          jurisdictions. The IRS has not audited any period subsequent to fiscal
          2004. The majority of the Companys state returns are no longer
          subject to state examinations by taxing authorities for the years before
    fiscal 2002.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|6. | SEGMENT
    REPORTING                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The
          Company has two reportable segments: Stores and Direct Marketing. The
          Stores segment includes all Company-owned stores excluding factory
          stores. The Direct Marketing segment includes all sales through catalog
          and Internet. While each segment offers to the customer a similar mix
          of goods, the Stores segment also provides complete alterations and
          the Direct Marketing segment only provides certain alterations.
      The
          accounting policies of the segments are the same as those described
          in the Companys Annual Report on Form 10-K for fiscal 2006. The
          Company evaluates performance of the segments based on four wall contribution
          and excludes any allocation of management company costs,
          which consist primarily of general and administrative costs (except
          order fulfillment costs which are allocated to Direct Marketing), interest
          and income taxes.
      The
          Companys segments are strategic business units that offer and
          deliver similar products to the retail customer by two distinctively
          different methods. In Stores, typical customers travel to stores and
          purchase mens clothing and/or alterations and take their purchases
          with them. The Direct Marketing customers receive catalogs in their
          homes and/or offices and/or visit our web page via the Internet and
    place orders by phone, mail, fax or online.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    



8

---





| |                                                                                                                 |        |         |                  |   |        |  |       |         |   |   |         | 
| | --------------------------------------------------------------------------------------------------------------- | ------ | ------- | ---------------- | - | ------ |  | ----- | ------- | - | - | ------- | 
| | The merchandise
        is then shipped to the customers. Segment data is presented in the following
    table: |        |         |                 
| |                                                                                                                 |        |         |                  |   |        |  |       |         |   |   |         | 
| | Three months ended May 5, 2007                                                                                  |        |         |                  |   |        |  |       |         |   |   |         | 
|
| |                                                                                                                 | Stores |         | Direct Marketing |   | Other  |  | Total |        
|
| | Net sales (a)                                                                                                   | $      | 112,878 |                  | $ | 14,157 |  | $     | 2,498   |   | $ | 129,533 | 
| | Depreciation and amortization                                                                                   |        | 3,846   |                  |   | 20     |  |       | 614     |   |   | 4,480   | 
| | Operating income (b)                                                                                            |        | 22,493  |                  |   | 5,510  |  |       | (14,201 | ) |   | 13,802  | 
| | Identifiable assets (c)                                                                                         |        | 301,635 |                  |   | 38,346 |  |       | 14,380  |   |   | 354,361 | 
| | Capital expenditures (d)                                                                                        |        | 7,125   |                  |   | 13     |  |       | 200     |   |   | 7,338   | 
|
| | Three months ended April 29, 2006                                                                               |        |         |                  |   |        |  |       |         |   |   |         | 
|
| |                                                                                                                 | Stores |         | Direct Marketing |   | Other  |  | Total |        
|
| | Net sales (a)                                                                                                   | $      | 99,433  |                  | $ | 11,710 |  | $     | 2,522   |   | $ | 113,665 | 
| | Depreciation and amortization                                                                                   |        | 3,099   |                  |   | 18     |  |       | 569     |   |   | 3,686   | 
| | Operating income (b)                                                                                            |        | 18,422  |                  |   | 4,764  |  |       | (12,751 | ) |   | 10,435  | 
| | Identifiable assets (c)                                                                                         |        | 260,999 |                  |   | 40,404 |  |       | 16,009  |   |   | 317,412 | 
| | Capital expenditures (d)                                                                                        |        | 5,477   |                  |   | -      |  |       | 459     |   |   | 5,936   | 

|   
|---
|(a)
|   
|(b)
|   
|(c)
|   
|(d)
|   

|7. | LEGAL
            MATTERS
      On
          July 24, 2006, a lawsuit was filed against the Company and Robert N.
          Wildrick, the Companys Chief Executive Officer, in the United
          States District Court for the District of Maryland by Roy T. Lefkoe,
          Civil Action Number 1:06-cv-01892-WMN (the Class Action).
          On August 3, 2006, a lawsuit substantially similar to the Class Action
          was filed in the United States District Court for the District of Maryland
          by Tewas Trust UAD 9/23/86, Civil Action Number 1:06-cv-02011-WMN (the Tewas
          Trust Action). The Tewas Trust Action was filed against the same
          defendants as those in the Class Action and purported to assert the
          same claims and seek the same relief. On November 20, 2006, the Class
          Action and the Tewas Trust Action were consolidated under the Class
          Action case number (1:06-cv-01892-WMN) and the Tewas Trust Action was
          administratively closed.
      Massachusetts
          Labor Annuity Fund has been appointed the lead plaintiff in the Class
          Action and has filed a Consolidated Class Action Complaint. R. Neal
          Black, the Companys President and David E. Ullman, the Companys
          Executive Vice President and Chief Financial Officer, have been added
          as defendants. On behalf of purchasers of the Company's stock between
          December 5, 2005 and June 7, 2006 (the Class Period), the
          Class Action purports to make claims under Sections 10(b) and 20(a)
          and Rule 10b-5 of the Securities Exchange Act of 1934, based on the
          Company's disclosures during the Class Period. The Class Action seeks
          unspecified damages, costs, and attorneys' fees. The Company has filed
          a Motion to Dismiss, and intends to defend vigorously, the Class Action.
      On
          August 11, 2006, a lawsuit was filed against the Companys directors
          and, as nominal defendant, the Company in the United States District
          Court for the District of Maryland by Glenn Hutton, Civil Action Number
          1:06-cv-02095-BEL (the Hutton Action). The lawsuit purported
          to be a shareholder derivative action. The lawsuit purported to make
          claims for various violations of state law that allegedly occurred
          from January 5, 2006 through August 11, 2006 (the Relevant Period).
    It sought on behalf of the Company against the directors unspecified
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    





9

---





| | damages, costs
          and attorneys' fees.
      On
          August 28, 2006, a lawsuit substantially similar to the Hutton Action
          was filed in the United States District Court for the District of Maryland
          by Robert Kemp, Civil Action Number 1:06-cv-02232-BEL (the "Kemp Action").
          The Kemp Action was filed against the same defendants as those in the
          Hutton Action and purported to assert substantially the same claims
          and sought substantially the same relief.
      On
          October 17, 2006, the Hutton Action and the Kemp Action were consolidated
          under the Hutton Action case number (1:06-cv-02095-BEL) and are now
          known asIn re Jos. A. Bank Clothiers,
          Inc. Derivative Litigation(the Derivative
          Action). The Amended Shareholder Derivative Complaint in the
          Derivative Action was filed against the same defendants as those in
          the Hutton Action, extended the Relevant Period to October 20, 2006
          and purports to assert substantially the same claims and seek substantially
          the same relief. The Company has filed a Motion to Dismiss, and intends
          to defend vigorously, the Derivative Action.
      The
          resolution of the Class Action and the Derivative Action cannot be
          accurately predicted and there is no estimate of costs or potential
          losses, if any. Accordingly, the Company cannot determine whether its
          insurance coverage would be sufficient to cover such costs or potential
          losses, if any, and has not recorded any provision for loss associated
          with these actions. It is possible that the Companys consolidated
          financial statements could be materially impacted in a particular fiscal
          quarter or year by an unfavorable outcome or settlement of these actions.
      From
          time to time, other legal matters in which the Company may be named
          as a defendant arise in the normal course of the Company's business
          activities. The resolution of these legal matters against the Company
          cannot be accurately predicted. The Company does not anticipate that
          the outcome of such matters will have a material adverse effect on
    the business, net assets or financial position of the Company.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        





10

---





|Item 2. | Managements
            Discussion and Analysis of Financial Condition and Results of Operations
      The
          following discussion should be read in conjunction with the attached
          unaudited condensed consolidated financial statements and notes thereto
          and with the Companys audited financial statements and notes
          thereto included in its Annual Report on Form 10-K for fiscal 2006.
      Overview-
          For the first quarter of the Companys fiscal year ending February
          2, 2008 (fiscal 2007), the Companys net income was $8.4
          million, as compared with net income of $5.9 million for the first
          quarter of the Companys fiscal 2006. The Company earned $0.45
          per diluted share in the first quarter of fiscal 2007, as compared
          with $0.32 per diluted share in the first quarter of fiscal 2006.
          As such, diluted earnings per share increased 41% as compared with
          the prior year period. The results of the first quarter of fiscal 2007
          were primarily driven by:
      14.0% increase in net sales, with increases
            in both the Stores and Direct Marketing segments;
        120 basis point increase in gross profit
            margins; and
        The opening of 54 new stores, net of closing
            one store, since the end of the first quarter of fiscal 2006.As
          of the end of the first quarter of fiscal 2007, the Company had 385
          stores, which included 366 Company-owned full-line stores, seven Company-owned
          factory stores and 12 stores operated by franchisees. Management believes
          that the chain can grow to approximately 500 stores with potential
          to exceed 500 stores, depending on the performance of the Company over
          the next several years. The Company plans to open approximately 50
          stores in fiscal 2007 as part of its plan to grow the chain to the
          500 store level, including ten stores opened in the first quarter of
          fiscal 2007. The store growth is part of a strategic plan the Company
          initiated in the year ended February 3, 2001 (fiscal 2000).
          In the past six years, the Company has continued to increase its number
          of stores as infrastructure and performance has improved. As such,
          there were 10 new stores opened in fiscal 2000 (including two factory
          stores), 21 new stores opened in the year ended February 2, 2002, 25
          new stores opened in the year ended February 1, 2003, 50 new stores
          opened in the year ended January 31, 2004, 60 new stores opened in
          the year ended January 29, 2005, 56 new stores opened in the year ended
          January 28, 2006 (fiscal 2005) and 52 new stores opened
          in fiscal 2006.
      Capital
          expenditures are expected to be approximately $29  $34
          million in fiscal 2007, primarily to fund the opening of approximately
          50 new stores, the renovation and/or relocation of several stores and
          the implementation of various systems initiatives. The capital expenditures
          include the cost of the construction of leasehold improvements, fixtures
          and equipment for new stores of which approximately $12  $14
          million is  expected to ultimately be reimbursed through landlord contributions.
          The Company also expects inventories to increase in fiscal 2007 to
          support new store openings and sales growth in both the Companys
          Stores and Direct Marketing segments.
      Critical
              Accounting Policies and Estimates-
              In preparing the Condensed Consolidated Financial Statements, a
              number of assumptions and estimates are made that, in the judgment
              of management, are proper in light of existing general economic
              and company-specific circumstances. For a detailed discussion on
              the application of these and other accounting policies, see Note
              1 to the Consolidated Financial Statements in the Companys
              Annual Report on Form 10-K for fiscal 2006.
      Inventory.The
          Company records inventory at the lower of cost or market (LCM).
          Cost is determined using the first-in, first-out method. The estimated
          market value is based on assumptions for future demand and related
          pricing. The Company reduces the carrying value of inventory to net
          realizable value where cost exceeds estimated selling price less costs
          of disposal.
      Managements
          sales assumptions are based on the Companys experience that most
          of the Companys inventory is sold through the Companys
          primary sales channels with virtually no inventory being liquidated
          through bulk sales to third parties. The Companys LCM reserve
          estimates for inventory that have been made in the past have been very
          reliable as a significant portion of its sales (over two-thirds in
          fiscal 2006) are classic traditional products that are ongoing programs
          and that bear low risk of write-down. These products include items
          such as navy and gray suits, navy blazers and white and blue dress
          shirts, etc. The portions of products that have fashion elements are
          monitored closely to ensure that aging goals are achieved to limit
          the need to sell significant amounts of product below cost. In addition,
          the Companys strong gross profit margins enable the Company to
          sell substantially all of its products at levels above cost.
      To
          calculate the estimated market value of its inventory, the Company
          periodically performs a detailed review of all of its major inventory
          classes and stock-keeping units and performs an analytical evaluation
          of aged inventory on a quarterly basis. Semi-annually, the Company
    compares the on-hand units and season-to-date unit sales (including
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           





11

---





| | actual selling
          prices) to the sales trend and estimated prices required to sell the
          units in the future, which enables the Company to estimate the amount
          which may have to be sold below cost. The units sold below cost are
          sold in the Companys factory stores, through the Internet website
          or on clearance at the retail stores, typically within twenty-four
          months of purchase. The Companys costs in excess of selling price
          for units sold below cost totaled $1.9 million and $1.3 million
          in fiscal 2005 and 2006, respectively. The Company has a reserve against
          its current inventory value for product in its inventory as of the
          end of the fiscal period that may be sold below its cost in future
          periods. If the amount of inventory which is sold below its cost differs
          from the estimate, the Companys inventory valuation reserve could
          change.
      Asset
            Valuation.Long-lived
            assets, such as property, plant and equipment subject to depreciation,
            are reviewed for impairment to determine whether events or changes
            in circumstances indicate that the carrying amount of an asset may
            not be recoverable. Recoverability of assets to be held and used
            is measured by a comparison of the carrying amount of an asset to
            estimated undiscounted future cash flows expected to be generated
            by the asset. If the carrying amount of an asset exceeds its estimated
            future cash flows, an impairment charge is recognized in the amount
            by which the carrying amount of the asset exceeds the fair value
            of the asset. The asset valuation estimate is principally dependent
            on the Companys ability to generate profits at both the Company
            and store levels. These levels are principally driven by the sales
            and gross profit trends that are closely monitored by the Company.
            In each of first quarters of fiscal 2006 and 2007, there have been
            no asset valuation charges.
      Lease
            Accounting.The
            Company uses a consistent lease period (generally, the initial non-cancelable
            lease term plus renewal option periods provided for in the lease
            that can be reasonably assured) when calculating depreciation of
            leasehold improvements and in determining straight-line rent expense
            and classification of its leases as either an operating lease or
            a capital lease. The lease term and straight-line rent expense commences
            on the date when the Company takes possession and has the right to
            control use of the leased premises. Funds received from the lessor
            intended to reimburse the Company for the costs of leasehold improvements
            are recorded as a deferred credit resulting from a lease incentive
            and amortized over the lease term as a reduction to rent expense.
      While
          the Company has taken reasonable care in preparing these estimates
          and making these judgments, actual results could and probably will
          differ from the estimates. Management believes any difference in the
          actual results from the estimates will not have a material effect upon
          the Companys financial position or results of operations.
      Recently
            Issued Accounting Standards In
            February 2007, the FASB issued SFAS No. 159, The Fair Value
            Option for Financial Assets and Financial Liabilities  including
            an amendment of FASB Statement No. 115, (SFAS 159).
            SFAS 159 permits entities to choose to measure many financial instruments
            and certain other assets and liabilities at fair value on an instrument-by-instrument
            basis (the fair value option). SFAS 159 becomes effective for the
            Company on February 3, 2008. The Company is currently assessing the
            impact, if any, of this statement on its consolidated financial statements.
      Effective
          February 4, 2007, the Company adopted the EITF 06-3, How Sales
          Taxes Collected from Customers and Remitted to Governmental Authorities
          Should Be Presented in the Income Statement (That Is, Gross Versus
          Net Presentation). The Task Force reached a consensus that a
          company should disclose its accounting policy (i.e., gross or net presentation)
          regarding presentation of taxes within the scope of EITF 06-3. If taxes
          included in gross revenues are significant, a company should disclose
          the amount of such taxes for each period for which an income statement
          is presented. The Company conforms to a net presentation on its consolidated
    financial statements.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 





12

---





| | Results of
              Operations
      The
          following table is derived from the Companys Condensed Consolidated
          Statements of Income and sets forth, for the periods indicated, the
          items included in the Condensed Consolidated Statements of Income expressed
    as a percentage of net sales.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                   

| |                                          |  | Percentage of Net Sales |  
| | ---------------------------------------- |  | ----------------------- | -
| |                                          |  | Three Months Ended      |  
| |                                          |  | April 29, 2006          |  
|
| | Net sales                                |  | 100.0                   | %
| | Cost of goods sold                       |  | 38.6                    |  
| | Gross profit                             |  | 61.4                    |  
| | General and administrative expenses      |  | 10.7                    |  
| | Sales and marketing expenses             |  | 41.5                    |  
| | Operating income                         |  | 9.2                     |  
| | Interest income (expense), net           |  | (0.3                    | )
| | Income before provision for income taxes |  | 8.9                     |  
| | Provision for income taxes               |  | 3.7                     |  
| | Net income                               |  | 5.2                     |  

| | Net
              Sales-
              Net sales increased 14.0% to $129.5 million in the first quarter
              of fiscal 2007, as compared with $113.7 million in the first
              quarter of fiscal 2006. The sales increase was primarily related
              to a 13.5% increase in Stores sales (including a 3.8% increase
              in comparable store sales) and a 20.9% increase in Direct Marketing
              sales. The sales increases were primarily due to increases in sales
              of sportswear, dress shirts and neckwear. Suit sales also increased
              in comparable stores in the first quarter of fiscal 2007, as compared
              with the same period in fiscal 2006.
      For
          comparable stores, traffic (as measured by transactions) increased
          in first quarter of fiscal 2007, while average dollars and items per
          transaction decreased, as compared to the same period in fiscal 2006.
      The following table summarizes
    store opening and closing activity during the respective periods:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |                                             |  | Three Months Ended | 
| | ------------------------------------------- |  | ------------------ | 
| |                                             |  | April 29, 2006     | 
| |                                             |  |                    | 
| |                                             |  | Stores             | 
|
| | Stores open at the beginning of the quarter |  | 324                | 
| | Stores opened                               |  | 7                  | 
| | Stores closed                               |  | -                  | 
| | Stores open at the end of the quarter       |  | 331                | 

| | _______________________*Square
            feet is presented in thousands and excludes the square footage of
          the Companys
            franchise stores. Square feet amounts reflect reductions to stores
            square footage due to renovations or relocations.
      Gross
              profit Gross
              profit (net sales less cost of goods sold) totaled $81.1 million
              or 62.6% of net sales in the first quarter of fiscal 2007, as compared
              with $69.8 million or 61.4% of net sales in the first quarter
              of fiscal 2006. Gross profit margins increased in the first quarter
              of fiscal 2007 primarily on sales of tailored clothing and dress
              shirts.
      The
          Companys gross profit classification may not be comparable to
          the classification used by certain other entities. Some entities include
          distribution, store occupancy, buying and other costs in cost of goods
          sold. Other entities (including the Company) exclude such costs from
          gross profit, including them instead in general and administrative
          and/or sales and marketing expenses.
      Sales
              and Marketing Expenses Sales
              and marketing expenses increased to $53.8 million or 41.5%
              of sales in the first quarter of fiscal 2007 from $47.1 million
              or 41.5% of sales in the first quarter of fiscal 2006. Sales and
              marketing expenses consist primarily of a) Stores, factory store
              and Direct Marketing occupancy, payroll, selling and other variable
    costs and b) total Company advertising and marketing expenses.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





13

---





| | The
          increase in sales and marketing expenses relates primarily to the opening
          of 54 new stores, net of closing one store, since the end of the first
          quarter of fiscal 2006 and consists of a) $3.0 million additional
          occupancy costs, b) $2.0 million additional store employee compensation
          costs, c) $0.8 million additional marketing costs, and d) $0.9
          million additional other variable selling costs. The Company expects
          sales and marketing expenses to increase in fiscal 2007 primarily as
          a result of opening approximately 50 new stores, the full year operation
          of stores that were opened during fiscal 2006, and an increase in advertising
          expenditures.
      General
              and Administrative Expenses General
              and administrative expenses (G&A), which consist
              primarily of corporate payroll costs and overhead and distribution
              center costs, increased to $13.5 million or 10.4% of sales
              in the first quarter of fiscal 2007 from $12.2 million or 10.7%
              of sales in the first quarter of fiscal 2006. Comparing the first
              quarter of fiscal 2007 with the first quarter of fiscal 2006, the $1.3
              million increase relates primarily to increases in employee compensation,
              benefits and travel costs, partially offset by a decrease in professional
              fees. Continued growth in the Stores and Direct Marketing segments
              may result in further increases in G&A expenses.
      Other
              Income (Expense) Other
              income (expense) increased to $0.3 million in the first quarter
              of fiscal 2007, as compared with $(0.3) million in the first
              quarter of fiscal 2006. The change was due primarily to a $0.4
              million increase in interest income earned on higher cash and cash
              equivalent balances in the first quarter of fiscal 2007, as compared
              with the first quarter of fiscal 2006. In addition, interest expense
              decreased $0.2 million as a result of the Company having no
              revolver loan borrowings and substantially lower term debt during
              the first quarter of fiscal 2007. During the first quarter of fiscal
              2006, revolver loan borrowings averaged $3.8 million and interest
              rates (excluding unused line fees) averaged of 7.1% .
      Income
              Taxes The effective
              income tax rate for the first quarter of fiscal 2007 was 40.9%,
              as compared with 42.1% in the first quarter of fiscal 2006 and
              40.1% for the full year of fiscal 2006. The increased profitability
              of the first quarter of fiscal 2007 provided greater leverage against
              the non-deductible expenses as compared to the first quarter of
              fiscal 2006.
      Liquidity
              and Capital Resources-
              The Company maintains a bank credit agreement (Credit Agreement),
              which provides for a revolving loan whose limit is determined by
              a formula based on the Companys inventories and accounts
              receivable. The Credit Agreement allows the Company to borrow a
              maximum revolving amount under the facility up to $100 million.
              In addition, the Company has the option to increase the amount
              which may be borrowed to $125 million if requested prior to
              April 29, 2008, if needed and if supported by its borrowing base
              formula under the Credit Agreement. Interest rates under the Credit
              Agreement vary with the prime rate or LIBOR and may include a spread
              over or under the applicable rate. The spreads, if any, are based
              upon the Companys excess availability from time to time.
              Aggregate borrowings are secured by substantially all assets of
              the Company with the exception of its distribution center and certain
              equipment.
      Under
          the provisions of the Credit Agreement, the Company must comply with
          certain covenants if the availability under the line of credit in excess
          of outstanding borrowings is less than $7.5 million. The covenants
          include a minimum earnings before interest, taxes, depreciation and
          amortization (EBITDA), limitations on capital expenditures
          and additional indebtedness, and restrictions on cash dividend payments.
          There were no borrowings under the Credit Agreement during the first
          quarter of fiscal 2007. The borrowings outstanding under the Credit
          Agreement were $12.4 million as of April 29, 2006. Additionally,
          the Company had $0.4 million and $6.0 million of term debt
          as of May 5, 2007 and April 29, 2006, respectively.
      The
          Companys availability in excess of outstanding borrowings, as
          supported by the existing borrowing base under its Credit Agreement,
          was $99.6 million at May 5, 2007 and February 3, 2007.
      The
          following table summarizes the Companys sources and uses of funds
          as reflected in the Condensed Consolidated Statements of Cash Flows
    (in thousands):
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

| |                                               | Three Months Ended |         
| | --------------------------------------------- | ------------------ | --------
| |                                               | April 29, 2006     |         
| | Cash (used in) provided by:                   |                    |         
| | Operating activities                          | $                  | (25,336)
| | Investing activities                          |                    | (5,936) 
| | Financing activities                          |                    | 24,780  
| | Net decrease in cash and cash
    equivalents | $                  | (6,492) 
| |                                               |                    |         

14

---







| | The
          Companys cash balance was approximately $26.5 million at
          May 5, 2007, as compared with $0.8 million at the end of the first
          quarter of fiscal 2006. In addition, the Company has $0.4 million
          of outstanding term debt at May 5, 2007, as compared with $6.0
          million at April 29, 2006. Cash was $43.1 million at the beginning
          of fiscal 2007 and the significant changes through May 5, 2007 are
          discussed below.
      Cash
          used in the Companys operating activities in the first quarter
          of fiscal 2007 was primarily attributable to cash outlays for a reduction
          of accounts payable of $11.2 million and a reduction of accrued
          expenses and other liabilities totaling $9.2 million, including
          cash outlays for taxes payable and incentive compensation payable.
          These cash outlays were partially offset by a reduction of inventory
          totaling $3.2 million and operating profits of $8.4 million.
          Additionally, there were increases of $2.1 million in accounts
          receivable primarily due to higher credit card receivables from sales
          near the end of the quarter as compared with the previous quarter.
          Prepaid expenses and other assets increased $3.5 million primarily
          as a result of additional tenant allowances due from landlords and
          increases in prepaid income taxes. Cash used in investing activities
          in the first quarter of 2007 related primarily to capital expenditures
          for new stores. Cash provided by financing activities relates to net
          proceeds of $1.0 million from the exercise of stock options, which
          included an income tax benefit of $0.2 million.
      For
          fiscal 2007, the Company expects to spend approximately $29  $34
          million on capital expenditures, primarily to fund the opening of approximately
          50 new stores, the renovation and/or relocation of several stores and
          the implementation of various systems initiatives. The Company spent $7.3
          million on capital expenditures in the first quarter of fiscal 2007.
          Management believes that the Companys cash from operations, existing
          cash and cash equivalents and availability under its Credit Agreement
          will be sufficient to fund its planned capital expenditures and operating
          expenses for fiscal 2007. The capital expenditures include the cost
          of the construction of leasehold improvements, fixtures and equipment
          for new stores, of which approximately $12  $14 million
          is expected to ultimately be reimbursed through landlord contributions.
          These amounts are typically paid by the landlords after the completion
          of construction by the Company and the receipt of appropriate lien
          waivers from contractors. For the stores opened and renovated in fiscal
          2006, the Company negotiated approximately $12.1 million of landlord
          contributions of which approximately $4.6 million have been collected,
          including approximately $0.1 million which was collected in the
          first quarter of fiscal 2007. The majority of the remaining amount
          is expected to be received in fiscal 2007. For the stores opened in
          the first quarter of fiscal 2007, the Company negotiated approximately $2.7
          million of landlord contributions, of which the majority is expected
          to be received by the end of fiscal 2007.
      Off-Balance
              Sheet Arrangements The
              Company has no off-balance sheet arrangements other than its operating
              lease agreements and letters of credit outstanding under its bank
              credit activity as discussed below.
      Disclosures about Contractual
              Obligations and Commercial Commitments
      The
          Companys principal commitments are non-cancelable operating leases
          in connection with its retail stores, certain tailoring facilities
          and equipment. The majority of the store lease agreements include provisions
          for base annual rent and other lease costs, such as common area maintenance
          and other miscellaneous variable costs. Under the terms of certain
          leases, the Company is required to pay a base annual rent, plus a contingent
          amount based on sales (contingent rent). In addition, many
          of these leases include scheduled rent increases. Base annual rent
          and scheduled rent increases are included in the contractual obligations
          table below for operating leases, as these are the only rent-related
          commitments that are determinable at this time.
      The
          following table reflects a summary of the Companys contractual
          cash obligations and other commercial commitments as of fiscal 2007,
    including amounts paid in the first quarter of fiscal 2007.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

| |                               | Payments Due by Fiscal Year |       
| | ----------------------------- | --------------------------- | ------
| |                               |                             |       
| |                               |                             |       
| |                               |                             | 2007  
|
| | Long-term debt                | $                           |      
| | Operating leases (a)(b)       |                             | 45,758
| | Stand-by Letter-of-credit (c) |                             |      
| | License Agreement             |                             | 165   

15

---



| |    
| | ---
| | (a)
|
| | (b)
|
| | (c)
|

|        | Cautionary
              Statement
      This
          Quarterly Report on Form 10-Q includes and incorporates by reference
          certain statements that may be deemed to be forward-looking statements
          within the meaning of the Private Securities Litigation Reform Act
          of 1995. The Private Securities Litigation Reform Act of 1995 provides
          a safe harbor for certain forward-looking statements so
          long as such information is identified as forward-looking and is accompanied
          by meaningful cautionary statements identifying important factors that
          could cause actual results to differ materially from those projected
          in the information. When used in this Quarterly Report on Form 10-Q,
          the words estimate, project, plan, will, anticipate, expect, intend, outlook, may, believe, and
          other similar expressions are intended to identify forward-looking
          statements and information.
      Actual
          results may differ materially from those forecast due to a variety
          of factors outside of the Companys control that can affect the
          Companys operating results, liquidity and financial condition.
          Such factors include risks associated with economic, weather, public
          health and other factors affecting consumer spending, higher energy
          and security costs, the successful implementation of the Companys
          growth strategy, including the ability of the Company to finance its
          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, fashion trends and changing consumer
          preferences, the effectiveness of the Companys marketing programs,
          the availability of lease sites for new stores, the ability to source
          product from its global supplier base, litigations and other competitive
          factors as described under the caption Item 1A. Risk Factors in
          the Companys Annual Report on Form 10-K for fiscal 2006. These
          cautionary statements qualify all of the forward-looking statements
          the Company makes herein. The Company cannot assure you that the results
          or developments anticipated by the Company will be realized or, even
          if substantially realized, that those results or developments will
          result in the expected consequences for the Company or affect the Company,
          its business or its operations in the way the Company expects. The
          Company cautions you not to place undue reliance on these forward-looking
          statements, which speak only as of their respective dates. The Company
          does not undertake an obligation to update or revise any forward-looking
          statements to reflect actual results or changes in the Companys
          assumptions, estimates or projections. The identified risk factors
          and others are more fully described under the caption Item 1A.
          Risk Factors in Part I of the Companys Annual Report on
          Form 10-K for fiscal 2006. Also see Item 1A. Risk Factors in
          Part II of this report.
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Item 3. | Quantitative
            and Qualitative Disclosures About Market Risk
      At
          May 5, 2007, the Company was not a party to any derivative financial
          instruments. In addition, the Company does not believe it is materially
          at risk for changes in market interest rates or foreign currency fluctuations.
          The Companys interest on borrowings under its Credit Agreement
          is at a variable rate based on the prime rate or LIBOR, and may include
          a spread over or under the applicable rate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Item 4. | Controls
            and Procedures
      Limitations
            on Controls and Procedures and Changes in Internal Control Over Financial
            Reporting.Because of their
            inherent limitations, disclosure controls and procedures and internal
            control over financial reporting (collectively, Control Systems)
            may not prevent or detect all failures or misstatements of the type
            sought to be avoided by Control Systems. Also, projections of any
            evaluation of the effectiveness of the Companys Control Systems
            to future periods are subject to the risk that controls may become
            inadequate because of changes in conditions, or that the degree of
            compliance with the policies or procedures may deteriorate. Management,
            including the Companys Chief Executive Officer (the CEO)
            and Chief Financial Officer (the CFO), does not expect
            that the Companys Control Systems will prevent all errors or
            all fraud. A Control System, no matter how well conceived and operated,
            can provide only reasonable, not absolute, assurance that the objectives
            of the Control System are met. Further, the design of a Control System
            must reflect the fact that there are resource constraints, and the
            benefits of controls must be considered relative to their costs.
            Because of the inherent limitations in all Control Systems, no evaluation
            can provide absolute assurance that all control issues and instances
            of fraud, if any, within the Company have been detected. The following
            reports by management, including the CEO and CFO, on the effectiveness
    of the Companys Control Systems express only                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     





16

---





|                              | reasonable assurance
          of the conclusions reached.
      Disclosure
            Controls and Procedures.The
            Company maintains disclosure controls and procedures that are designed
            to ensure that information required to be disclosed by the Company
            in the reports that it files or submits under the Securities Exchange
            Act of 1934, as amended (the Exchange Act), is recorded,
            processed, summarized and reported within the time periods specified
            in the SECs rules and forms, and that such information is accumulated
            and communicated to management, including the CEO and CFO, as appropriate,
            to allow timely decisions regarding required disclosure.
      Management,
          with the participation of the CEO and CFO, has evaluated the effectiveness
          of the Companys disclosure controls and procedures (as defined
          in Rules 13a  15(e) and 15d  15(e) of the Exchange Act)
          as of May 5, 2007. Based on that evaluation, the CEO and CFO have concluded
          that the Companys disclosure controls and procedures were effective
          as of May 5, 2007.
      Changes
            in Internal Control over Financial Reporting.
            There were no changes in the Companys internal control over
            financial reporting identified in connection with the evaluation
            required by paragraph (d) of Rule 13a-15 of the Exchange Act that
            occurred during the fiscal quarter covered by this report that have
            materially affected, or are reasonably likely to materially affect,
    the Companys internal control over financial reporting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|----------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|PART II.OTHER
    INFORMATION
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Item 1.                       | Legal
            Proceedings
      On
          July 24, 2006, a lawsuit was filed against the Company and Robert N.
          Wildrick, the Companys Chief Executive Officer, in the United
          States District Court for the District of Maryland by Roy T. Lefkoe,
          Civil Action Number 1:06-cv-01892-WMN (the Class Action).
          On August 3, 2006, a lawsuit substantially similar to the Class Action
          was filed in the United States District Court for the District of Maryland
          by Tewas Trust UAD 9/23/86, Civil Action Number 1:06-cv-02011-WMN (the Tewas
          Trust Action). The Tewas Trust Action was filed against the same
          defendants as those in the Class Action and purported to assert the
          same claims and seek the same relief. On November 20, 2006, the Class
          Action and the Tewas Trust Action were consolidated under the Class
          Action case number (1:06-cv-01892-WMN) and the Tewas Trust Action was
          administratively closed.
      Massachusetts
          Labor Annuity Fund has been appointed the lead plaintiff in the Class
          Action and has filed a Consolidated Class Action Complaint. R. Neal
          Black, the Companys President and David E. Ullman, the Companys
          Executive Vice President and Chief Financial Officer, have been added
          as defendants. On behalf of purchasers of the Company's stock between
          December 5, 2005 and June 7, 2006 (the Class Period), the
          Class Action purports to make claims under Sections 10(b) and 20(a)
          and Rule 10b-5 of the Securities Exchange Act of 1934, based on the
          Company's disclosures during the Class Period. The Class Action seeks
          unspecified damages, costs, and attorneys' fees. The Company has filed
          a Motion to Dismiss, and intends to defend vigorously, the Class Action.
      On
          August 11, 2006, a lawsuit was filed against the Companys directors
          and, as nominal defendant, the Company in the United States District
          Court for the District of Maryland by Glenn Hutton, Civil Action Number
          1:06-cv-02095-BEL (the Hutton Action). The lawsuit purported
          to be a shareholder derivative action. The lawsuit purported to make
          claims for various violations of state law that allegedly occurred
          from January 5, 2006 through August 11, 2006 (the Relevant Period).
          It sought on behalf of the Company against the directors unspecified
          damages, costs and attorneys' fees.
      On
          August 28, 2006, a lawsuit substantially similar to the Hutton Action
          was filed in the United States District Court for the District of Maryland
          by Robert Kemp, Civil Action Number 1:06-cv-02232-BEL (the "Kemp Action").
          The Kemp Action was filed against the same defendants as those in the
          Hutton Action and purported to assert substantially the same claims
          and sought substantially the same relief.
      On
          October 17, 2006, the Hutton Action and the Kemp Action were consolidated
          under the Hutton Action case number (1:06-cv-02095-BEL) and are now
          known asIn re Jos. A. Bank Clothiers,
          Inc. Derivative Litigation(the Derivative
          Action). The Amended Shareholder Derivative Complaint in the
          Derivative Action was filed against the same defendants as those in
          the Hutton Action, extended the Relevant Period to October 20, 2006
          and purports to assert substantially the same claims and seek substantially
          the same relief. The Company has filed a Motion to Dismiss, and intends
          to defend vigorously, the Derivative Action.
      The
          resolution of the Class Action and the Derivative Action cannot be
          accurately predicted and there is no estimate of costs or potential
          losses, if any. Accordingly, the Company cannot determine whether its
          insurance coverage would be sufficient to cover such costs or potential
    losses, if any, and has not recorded any provision for loss
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           



17

---





|         | associated with
          these actions. It is possible that the Companys consolidated
          financial statements could be materially impacted in a particular fiscal
          quarter or year by an unfavorable outcome or settlement of these actions.
      From
          time to time, other legal matters in which the Company may be named
          as a defendant arise in the normal course of the Company's business
          activities. The resolution of these legal matters against the Company
          cannot be accurately predicted. The Company does not anticipate that
          the outcome of such matters will have a material adverse effect on
    the business, net assets or financial position of the Company.                                                                                                                                       
|-------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Item 1A. | Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|         | In
        addition to the other information set forth in this report, you should
        carefully consider the factors discussed under the caption Item 1A. Risk
        Factors in the Companys Annual Report on Form 10-K for fiscal 2006,
        which could materially affect the Companys business, financial
        condition or future results. The risks described in the Companys
        Annual Report on Form 10-K are not the only risks facing the Company.
        Additional risks and uncertainties not currently known to the Company
        or that the Company currently deems to be immaterial also could materially
        adversely affect the Companys business, financial condition and/or
        operating results. There have been no material changes in our risk factors
    from those disclosed in our Annual Report on Form 10-K for fiscal 2006.
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Item 6.  | Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

| | Exhibits |                                                                                                                                                   
| | -------- | --------------------------------------------------------------------------------------------------------------------------------------------------
| |          |                                                                                                                                                   
| | 31.1     | Certification of Chief Executive Officer pursuant to Rule 13a-14 or 15d-14(a).                                                                    
|
| | 31.2     | Certification of Chief Financial Officer pursuant to Rule 13a-14 or 15d-14(a).                                                                    
|
| | 32.1     | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
| | 32.2     | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

| | Dated: June 11, 2007 | Jos. A. Bank Clothiers, Inc.                   
| | -------------------- | -----------------------------------------------
| |                      | (Registrant)                                   
|
| |                      | /s/ DAVIDE. ULLMAN                             
| |                      | David E. Ullman                                
| |                      | Executive Vice President,                      
| |                      | Chief Financial Officer                        
| |                      | (Principal Financial and Accounting Officer and
| |                      | Duly Authorized Officer)                       

18

---



Exhibit IndexExhibits

|31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a).                                                                 
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------
|    
|31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a).                                                                 
|    
|32.1 | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|    
|32.2 | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|    



19

---