Tailored Brands

David’s Bridal is turning to Manhattan Associates to bolster its omnichannel offerings and ensure on-time and accurate delivery of customer orders from across its network. The announcement comes on the heels of its extended exclusive relationship with the Men's Wearhouse. 

The amendment to the current contract with Men’s Wearhouse extends the partnership by five years with the option to extend for an additional five years.

The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

Fremont, Calif. -- The Men's Wearhouse Inc.'s fiscal second-quarter earnings fell 28% amid several one-time charges and a shift in quarterly tuxedo rental revenues. Citing macroeconomic challenges, the company lowered its fiscal 2013 guidance.

Urbi et Orbi (The City and The World): The phrase is not just the theme of an annual speech from the Pope, but also summarizes what’s taking place in retail across North America: urbanization and globalization.  

Fremont, Calif. -- The Men's Wearhouse has wrapped up its previously announced acquisition of Joseph Abboud (JA Apparel Corp.).

The cash transaction is valued at about $97.5 million; JA Holding will operate as a wholly owned subsidiary of The Men's Wearhouse.

 

FREMONT, Calif. — The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

Questrom’s addition brings the Men's Wearhouse board to a total of nine directors, seven of whom are independent.

Fremont, Calif. -- Allen I. Questrom, who has held CEO and other senior executive positions at several major retailers in the past 40 years, has joined the board of directors of The Men’s Wearhouse. With the addition of Questrom, currently a member of the boards of directors of Sotheby's and the Glazer family of companies, Men’s Wearhouse has nine directors, seven of whom are independent.

Houston – The Men’s Wearhouse, Inc. has reached an agreement to repurchase $100 million worth of common stock from JPMorgan Chase Bank, NA under an accelerated share repurchase program. The retailer will buy the shares as part of an ongoing $200 million share repurchase program announced in March of this year. Men’s Wearhouse expects to close the transaction by the end of fourth quarter 2013.