Tailored Brands Inc
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 tak...
Jos A Bank Clothiers last week revealed its plans to acquire outdoor wear brand Eddie Bauer in deal worth $825m. Coming amid an onging buyou...
Featured reports from just-style's research store this week include a business update on performance apparel markets, a company profile of The Men's Wearhouse, and an analysis of apparel RFID.
US retailers' April sales were lifted by this year's late Easter which shifted holiday selling into the month and provided a much-needed boost to revenues, but worries continue to persist over the impact of higher fuel prices.
US-based retailer Men's Wearhouse will face considerable challenges as it tries to expand its corporate apparel business through a GBP61m (US$97.3m) deal to buy two UK corporate clothing and workwear specialists, just-style has been told.
Plans by US retail group Macy’s Inc to create a nationwide department store brand took a tumble last week when it unveiled measures to axe 2,300 jobs and restructure in an attempt to offset falling sales. After two years of pursuing a one-size-fits-all approach, it seems the key to its new strategy is a focus on local markets.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
US men's formal wear retailer Tailored Brands, formerly known as Men's Wearhouse, is to close 250 stores in 2016, including all of its outlets, after seeing its fourth-quarter loss widen to US$1.06bn.
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 retailer Men's Wearhouse is moving to a holding-company structure under the new name Tailored Brands Inc.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
Formal clothing specialist Men's Wearhouse has entered into a partnership deal with US designer Kenneth Cole to launch a special collection of men's tailored clothing.
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.
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.
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.
Formal clothing specialist Men's Wearhouse has been ordered to pay $42.6m in damages to a former licensee of its JA Apparel business.
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 has appointed Mary Beth Blake as its president and chief merchandising officer.
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.
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.
First findings released last week from inspections at ten garment factories used by members of the Accord on Fire and Building Safety in Bangladesh have highlighted widespread fire, electrical safety and potential structural problems.
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- Footwear to see "significant" gains from TPP
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- UK retailers key to domestic manufacturing growth
- M&S to see "departure" of sourcing chiefs?
- Gap to close 75 stores amid "disastrous" Q1
- Gap accused of rights violations in supply chain
- H&M criticised for India, Cambodia labour abuses
- H&M, Inditex and Nike rated supply chain leaders