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Men’s Wearhouse Q2 profit up 33%, looks to open 110 stores in next five years
Houston -- Increased sales across its brands helped drive The Men's Wearhouse’s second-quarter net income up nearly 33%, beating estimates.
The retailer earned $57.1 million for the fiscal quarter that ended July 30, up from $43 million in the same quarter last year.
Revenue increased 22% to $655.5 million. Men's Wearhouse said its purchase in 2010 of two British uniform and work-wear companies helped drive business.
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Cole Real Estate executes 278,000 sq. ft. in retail leases
Phoenix -- Cole Real Estate Investments announced Monday that it has signed leases totaling approximately 278,000 sq. ft. at Cole-related retail properties through the first half of 2011.
The leases consist of approximately 129,000 sq. ft. of new leases and approximately 149,000 sq. ft. in renewals, bringing the occupancy rate for Cole’s portfolio of more than 1,450 properties to 97.3%.