Content about The Men's Wearhouse Inc.

March 31, 2014

The Men's Wearhouse, Inc. has engaged the advisory firm, AlixPartners, to support its integration of Jos. A. Bank Clothiers, Inc.

Houston -- The Men's Wearhouse, Inc. has engaged the advisory firm, AlixPartners, to support its integration of Jos. A. Bank Clothiers, Inc. Jos. A. Bank's store banner will remain in place and management will consist of executives from both companies.

December 23, 2013

The board of directors of Jos. A. Bank Clothiers, Inc. has unanimously rejected a non-binding acquisition proposal it received on Nov. 26, 2013, from The Men's Wearhouse, Inc.

Hampstead, Md. – The board of directors of Jos. A. Bank Clothiers, Inc. has unanimously rejected a non-binding acquisition proposal it received on Nov. 26, 2013, from The Men's Wearhouse, Inc. Assisted by outside financial advisors, the board determined the price of roughly $1.54 billion significantly undervalued the company and its near and long-term potential and was not in the best interest of the company's shareholders.

September 12, 2013

The Men's Wearhouse Inc.'s fiscal second-quarter earnings fell 28% amid several one-time charges and a shift in quarterly tuxedo rental revenues.

Fremont, Calif. -- The Men's Wearhouse Inc.'s fiscal second-quarter earnings fell 28% amid several one-time charges and a shift in quarterly tuxedo rental revenues. Citing macroeconomic challenges, the company lowered its fiscal 2013 guidance.

June 13, 2013

The Men's Wearhouse Inc. reported Wednesday that net income for the first quarter rose 23% to $33.1 million, from $26.9 million last year.

Fremont, Calif. -- The Men's Wearhouse Inc. reported Wednesday that net income for the first quarter rose 23% to $33.1 million, from $26.9 million last year.  

Sales for the company that runs Men’s Wearhouse namesake stores, along with the Moores and K&G chains, increased 5.1% to $616.5 million, beating Wall Street’s expected $604.7 million in revenue. Same-store sales rose 7.1% at namesake stores, but slid 5.3% at K&G.

 

March 14, 2013

The Men's Wearhouse Inc. posted a larger-than-expected loss for its fiscal fourth quarter. The retailer also announced that it was exploring the possible sale of its weaker performing K&G unit.

Houston -- The Men's Wearhouse Inc. posted a larger-than-expected loss for its fiscal fourth quarter. The retailer also announced that it was exploring the possible sale of its weaker performing K&G unit.

The company lost $3.4 million for the quarter that ended Feb. 2, compared to a loss of $3.8 million in the year-ago period.

Revenue rose 8.2% to $608.4 million. Revenue from Men's Wearhouse stores, which made up 61% of the quarter’s sales, rose 9.1%.

September 6, 2012

The Men's Wearhouse Inc. reported that net income for the quarter ended July 28 rose to $59.4 million, from $57.1 million in the year-ago period.

Houston -- The Men's Wearhouse Inc. reported Wednesday that net income for the quarter ended July 28 rose to $59.4 million, from $57.1 million in the year-ago period.

Sales edged up 1% to $662.3 million, narrowly missing Wall Street’s expected $662.9 million in revenue. Same-store sales grew 4.4% at namesake stores, but fell 3.3% at K&G stores.

The company has raised its guidance for full-year 2012.