Jos A Bank Clothiers Inc
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The long-running ownership tussle between US retailers Men's Wearhouse and Jos A Bank Clothiers finally came to an end this week after a takeover deal was secured. The US$1.8bn acquisition by Men's Wearhouse has largely been met with optimism by industry observers who believe both companies will reap the benefits in the long run.
Jos A Bank Clothiers last week revealed its plans to acquire outdoor wear brand Eddie Bauer in deal worth $825m. Coming amid an onging buyout battle with rival Men's Wearhouse, some industry observers suggest the move was made to ensure the US men's apparel and footwear business remains independent. Michelle Russell takes a closer look.
Falling supply and rising demand have left apparel companies scrabbling around for scarce wool stocks, with costs rising fast as a result. Add this to other factors currently impacting the supply chain, and wool pricing is piling yet more pressure on their already stressed operations.
The following is a general roundup of apparel and shoe chains' November 2007 sales results. The list will be updated as new results become available.
Tailored Brands, formerly known as Men's Wearhouse, has said it expects its full-year adjusted earnings per share to be at the lower end of its guidance, after seeing fourth-quarter comparable store sales at Jos A Bank plummet.
Formal clothing specialist Men's Wearhouse has cut its full-year and third-quarter EPS guidance based on what the company has described as “disappointing” preliminary sales.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
A number of former Jos A Bank Clothiers executives have joined forces to launch a high-end men's wear retail brand.
Men’s Wearhouse must advance its core business while reinvigorating the Jos A Bank brand, one analyst has said, after the label’s poor fourth-quarter performance pushed the group further into the red.
Clothing retailer The Men’s Wearhouse recorded a decline in third-quarter profit, despite a notable revenue boost from new acquisition Jos A Bank.
US formal clothing specialist Men's Wearhouse has appointed Jim Thorne as executive vice president of direct sourcing.
Formal clothing specialist Men’s Wearhouse recorded a slight increase in net profit for the second quarter, with sales boosted by its recent acquisition of rival Jos A Bank.
Men's Wearhouse is to end a contract with Jim's Formal Wear, a tuxedo supplier to its newly-acquired men's apparel and footwear business Jos A Bank Clothiers.
Men's Wearhouse has closed its acquisition of US men's apparel and footwear business Jos A Bank Clothiers following a long-running battle by the firm to buy its rival.
US men's apparel and footwear business Jos A Bank Clothiers has said it remains cautious heading into the crucial Father's Day period after suffering a gross margin decline in May and swinging to a loss in its first-quarter.
Men's Wearhouse has reported first-quarter results that beat analyst estimates and says it is excited about its near-term and long-term opportunities.
The deal by Men's Wearhouse to acquire US men's apparel and footwear business Jos A Bank Clothiers has been given the green light by The Federal Trade Commission (FTC).
US men's apparel and footwear business Jos A Bank Clothiers said it is delivering results on its top and bottom line performance, despite booking a slight drop in fourth-quarter earnings today (2 April).
Men's Wearhouse has hired an advisory firm to help it achieve a cost-cutting goal of up to US$150m over three years as it integrates its operations with Jos A Bank Clothiers.
The Men’s Wearhouse suffered an increased adjusted net loss in the fourth quarter, with retail sales in particular hit by bad weather and poor consumer sentiment.
Men's Wearhouse has secured a deal to acquire US men's apparel and footwear business Jos A Bank Clothiers following a five-month merger tussle between the two firms.
Men's Wearhouse has entered into a non-disclosure agreement with US men's apparel and footwear business Jos A Bank Clothiers under which they could discuss a potential merger.
US men's apparel and footwear business Jos A Bank Clothiers has once again rejected a bid by Men's Wearhouse for the company.
Eminence Capital, a major shareholder in Jos A Bank Clothiers, has backed the improved bid by Men's Wearhouse for the apparel and footwear company.
Men's Wearhouse has increased its bid for US men's apparel and footwear business Jos A Bank Clothiers as the battle for takeover between the two retailers continues.
Eminence Capital, a major shareholder in Jos A Bank Clothiers, has said the apparel firm's acquisition of Eddie Bauer is a "poor strategic decision" and "destroys shareholder value".
US men's apparel and footwear business Jos A Bank Clothiers has acquired outdoor wear brand Eddie Bauer from private equity firm Golden Gate Capital in a deal worth US$825m.
US men's apparel and footwear business Jos A Bank Clothiers has turned down yet another acquisition bid by Men's Wearhouse as the battle for takeover between the two retailers continues.
It seems former Men's Wearhouse CEO George Zimmer may be about to show his trump card following his fall-out with the apparel retailer, through the launch of a new company.
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