Finance & Capital Management

Houston -- Men's Wearhouse said Tuesday that higher sales lifted its third-quarter profit by 31%, but its forecast for the fourth quarter missed Wall Street's expectations.

Net income rose to $25.3 million in the three months ended Oct. 30, from $19.3 million a year earlier. Revenue increased 19% to $550.1 million, from $462 million in the previous year. Tuxedo rental revenue rose 13% and accounted for more than 20% of the company's quarterly total. Other clothing sales climbed 22% in the quarter.

Framingham, Mass. -- Staples Advantage, the business-to-business division of Staples, announced that its Print Solutions business has acquired PRINTSouth Corp. (operating as “Miami Systems”), a leading national manufacturer of business forms. Customers of Staples Print Solutions and Miami Systems will benefit from expanded product and service offerings, improved distribution capabilities and shared best practices, Staples reported.

New York City -- Two of Russia's largest grocery store chains, Pyaterochka and Kopeika, said on Monday that they would merge their operations in a move that would better position them to compete with Wal-Mart Stores, which is expected to enter the Russian market, according to the New York Times.

Phoenix -- Vestar Development Co. and Rockwood Capital on Tuesday acquired Tempe Marketplace for $280 million by buying out an original partner. In conjunction with the closing, Tempe Marketplace received a new $200 million permanent financing package from GACC.

Vestar was the developer of Tempe Marketplace and had previously partnered with DLJ/Credit Suisse. Both Rockwood and Vestar made significant investments in the acquisition. Under terms of the deal, Vestar will be the managing partner.

Washington, D.C. -- The National Retail Federation has announced its support of a tentative bipartisan agreement that would temporarily extend Bush-era tax cuts for all taxpayers regardless of income in return for extending unemployment benefits.

Dublin, Ohio -- Pharmaceuticals distributor Cardinal Health said Tuesday it renewed a deal to provide drugs to Walgreens’ pharmacies through 2013.

Cardinal Health did not disclose terms of its agreement with the chain. The companies renewed their deal early, as their last contract was signed in early 2008 and was set to last for three years.