NOTICE OF FINANCIAL INCENTIVE
Jos. A. Bank Clothiers, LLC (Jos. A. Bank) maintains a loyalty program (Bank Account), provides mobile (text) marketing programs, and occasionally administers surveys and sweepstakes (together, the “Programs”). From time to time, we may offer coupons or other price reductions for our products and services in exchange for your voluntary participation in these Programs. We offer these Programs to enhance our relationship with you so that you can enjoy more of our products and services at a lower price.
Under California law, rewards offered through the Programs may be considered a financial incentive provided in exchange for the collection, use, and retention of personal information. While Jos. A. Bank does not assign a monetary value to the data we collect through the Programs, based on our reasonable estimate, the value we receive from your personal information by participating in the Programs is reasonably equal to the value of the discount or financial incentive we provide to participants in the Programs. We calculate this by comparing the cost of administering our programs, including costs associated with: (i) enhancing Program participant data by our skilled team; (ii) leveraging our significant investments in understanding Program participants as our existing and future customers; (iii) our intellectual property; (iv) for each program, and in the aggregate, whether the sales generated by participation in the Programs exceed the cost of us offering them; and (v) all other costs reasonably associated with the Programs.
Participation in our Programs is entirely optional and voluntary, and participants can withdraw from the Programs at any time. To opt-in or opt-out from any of our Programs, you may do so by visiting the loyalty program website, reviewing our Mobile Terms, or by contacting us at 800-999-7472.