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Men’s Wearhouse tops expectations
Fremont, Calififornia — The Men’s Weahouse reported a decline in first-quarter profit, hurt mostly by expenses. But the retailer’s results still topped Wall Street expectations.
Men's Wearhouse, which is acquiring smaller rival Jos. A. Bank Clothiers, reported first-quarter net earnings of $16.5, compared with $33 million last year. Results include $26.5 million in costs related to strategic projects, primarily Jos. A. Bank and cost reduction initiatives.
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2014 state of the union for data breach policy
As if having to deal with the rising threat of data breaches weren’t already enough for retailers, many continue to struggle to make sense of today’s rough patchwork of federal and state data breach laws.
Fortunately, while legislation that would establish a national data breach standard has yet to gain significant traction, the Obama Administration and Congress are ramping up joint efforts to establish a uniform, national law that would replace the current fabric of state requirements.
