The following video is from Monday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Andy Cross discuss the top business and investing stories.
In this segment, they focus on Joseph A. Bank Clothiers (NASDAQ: JOSB), which has reported that profits for fiscal year 2012 will be 20% lower than the previous year. It cited a number of reasons, including Hurricane Sandy, the fiscal cliff, the Presidential election, and warmer weather. For the full story, along with the guys' take on the company's advertising strategy and how it undermines customer trust, be sure to check out the video segment below.
The relevant video segment can be found between 12:40 and 18:51.
For the full video of today's MarketFoolery podcast, click here.
