Men’s Wearhouse Reports Higher Profit
Houston, The Men’s Wearhouse said profit in the fourth quarter rose 36% to $25.1 million, or 68? a share, compared to $18.5 million, or 49? a share, a year ago. Total sales rose 8.2% to $458.6 million. Same-store sales rose 4.9%.
The retailer said it is scrapping its fledgling Eddie Rodriguez concept and will close the six stores over the course of the fiscal year.