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  • Five Below head merchant Moore moves on

    Less than a month after former Walmart.com CEO  Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.

    Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.

  • Men’s Wearhouse completes acquisition of Jos. A. Banks

    Fremont, Calif. -- The Men's Wearhouse has completed its acquisition of one-time-rival Jos. A. Bank Clothiers. The combined company has more than 1,700 stores, approximately 26,000 employees and sales of $3.5 billion on a pro forma basis.

    The final price tag to combine the two retailers was $1.8 billion, or $65 per share.

  • Men's Wearhouse delivers better-than-expect results in Q1

    The Men's Wearhouse expects to complete its merger with Jos. A. Bank in the next few weeks, and looks forward to reaping the benefits of that combination as it closes its fiscal first quarter ended May 3.

    Total net sales for quarter increased 2.3% to $630.5 million from $616.5 million in the prior-year quarter. Retail segment sales for the quarter increased by 2.4% and corporate apparel sales increased by 0.8% as compared to the prior year quarter.

  • 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.

  • Men’s Wearhouse extends Jos. A. Bank deadline to June 19

    Fremont, Calif. — The Men's Wearhouse has extended its all-cash tender offer for $65 per share for all of the currently outstanding shares of common stock (including associated stock purchase rights) of Jos. A. Bank to June 19, 2014, unless further amended.  The tender offer was previously set to expire on June 5, 2014.

  • FTC clears way for merger between Men’s Wearhouse and Jos. A. Bank

    New York -- The Federal Trade Commission on Friday determined that the merger between Men’s Wearhouse and Jos. A. Bank does not violate antitrust laws. The commission had been conducting a detailed review of the proposed $1.8 billion deal.

    The Men’s Wearhouse expects to close on its acquisition for Jos. A. Bank in the next 30 days after Men's Wearhouse agreed to pay $65 a share for Jos. A. Bank earlier this year in a deal valued at $1.8 billion that will create a company with more than 1,700 stores and pro forma annual sales of $3.5 billion.

  • FTC likes look of menswear merger

    The Men’s Wearhouse expects to close on its acquisition for Jos. A. Bank in the next 30 days after the Federal Trade Commission determined the deal doesn’t violate antitrust laws.

    Men's Wearhouse agreed to pay $65 a share for Jos. A. Bank earlier this year in a deal valued at $1.8 billion that will create a company with more than 1,700 stores and pro forma annual sales of $3.5 billion.

  • Men’s Wearhouse extends tender offer for Jos. A. Bank to April 23

    Fremont, Calif. -- In accordance with the terms of its merger agreement with Jos. A. Bank Clothiers Inc., The Men’s Wearhouse has extended its all-cash tender offer for $65 per share for all of the currently outstanding shares of common stock (including associated stock purchase rights) of Jos. A. Bank to April 23, unless further extended.  

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