Tailored Brands

New York -- George Zimmer, the founder and pitchman of Men’s Wearhouse, wasted no time in firing back at the company that fired him as executive chairman on Wednesday morning.  In a statement released to CNBC, Zimmer suggested that disagreements with the company’s board led to his abrupt termination:

Fremont, Calif. -- Men’s Wearhouse announced Wednesday that it has fired its founder and executive chairman George Zimmer; no reason was given for the sudden move.

FREMONT — Net sales at Men's Wearhouse's flagship brand stores got off to a slow start, but clothing and tuxedo revenues picked up, allowing the company to see total net sales of $617 million for the first quarter ended May 4, an increase of 5% from $587 million for the quarter last year.  

Fremont, Calif. -- The Men's Wearhouse Inc. reported Wednesday that net income for the first quarter rose 23% to $33.1 million, from $26.9 million last year.  

Sales for the company that runs Men’s Wearhouse namesake stores, along with the Moores and K&G chains, increased 5.1% to $616.5 million, beating Wall Street’s expected $604.7 million in revenue. Same-store sales rose 7.1% at namesake stores, but slid 5.3% at K&G.

MINNEAPOLIS — Colder weather and more conservative shoppers contributed to a drop in Target's first quarter 2013 profits, but the company's underlying business remains healthy, executives said Wednesday morning in a conference call with investors.

"While we are not satisfied with this quarter's performance, we remain highly confident in our strategy," president, chairman and CEO Gregg Steinhafel said during the call.

CAMBRIDGE, Mass. — Men’s Wearhouse will tailor email campaigns to individual shoppers using personalized email marketing technology from CQuotient. The solution will allow Men’s Wearhouse to capture data across consumer touchpoints and use predictive algorithms to target customers with individualized email messaging.

CAMBRIDGE, Mass. — Men’s Wearhouse is looking to CQuotient to help it develop email campaigns tailored to individual shoppers at its brick-and-mortar stores and e-commerce sites.

The announcement comes just a week after the specialty retailer launched a revamped version of its flagship online site. 

Fremont, Calif. -- Men’s Wearhouse is launching a redesigned e-commerce site with a number of upgraded and personalized features. These include personalized style suggestions, product filters such as size, price and color, and personalized product selections based on shopper history. The retailer is planning to offer additional new online features in the next six to eight months, such as new checkout experience, buy online and pick up in-store capabilities, and international shipping.