Formalwear

The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

Fremont, Calif. - The Men's Wearhouse has named Bruce K. Thorn, 48, executive VP and COO. Prior to joining Men's Wearhouse, Thorn served as executive VP, store operations, services and supply chain at PetSmart Inc.

Thorn had been employed by PetSmart since 2007 in various positions, assuming his most recent post in April 2014.  Prior to joining PetSmart, Thorn served in various leadership roles with Gap, Cintas Corp., LESCO, Inc. and the U.S. Army.

The Men's Wearhouse is bringing in a PetSmart executive to serve as chief operating officer.

Men's Wearhouse said that Bruce K. Thorn, 48, has been named executive vice president, chief operating officer, effective immediately.

The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

The retailer is capitalizing on the category’s growth via acquisition-fueled expansion, new designer collections and more customized products and service.

Seattle – Nordstrom Inc. plans to open Nordstrom Rack at Waikiki Trade Center in Honolulu, Hawaii. The approximately 34,000-sq.-ft., two-level store is scheduled to open in spring 2016.

The property was acquired by Coastwood Capital Group, LLC in late 2013.

Irvine, Calif. — Online menswear retailer Combatant Gentlemen Inc. is seeking to expand one of the fastest-growing segments of its business.

The company has launched The Groom's Suite, an online dashboad offering suits starting at $160 and tuxes starting at $200, to attract budget-conscious brides and grooms who prefer to buy rather than rent.

The Men's Wearhouse has signed a 10-year agreement with Macy's, Inc. to operate men's tuxedo rental shops inside 300 Macy's stores.

No other terms of the agreement were disclosed.

Doug Ewert, Men's Wearhouse chief executive officer, said: "As the nation's leading provider of tuxedo rental products and services, we are very excited to team with Macy's for the next decade to provide their customers with exceptional tuxedo rental services inside of 300 Macy's stores across the country."

New York -- Joseph Abboud has opened a flagship, the first under the umbrella of Men's Wearhouse, on Madison Avenue in Manhattan. Men’s Wearhouse acquired the Abboud brand in 2013.

The 4,300-sq.-ft. location was designed and styled collaboratively by Jeffrey Hutchison & Associates and Joseph Abboud, and is reminiscent of London's Savile Row.

Las Vegas -- Kleinfeld Hudson’s Bay, a glamorous bridal shop on the top floor of the Hudson’s Bay’s flagship and headquarters building in Toronto,  took the big prize — Store of the Year — in the Association for Retail Environments 2015 Design Awards. The annual awards recognize the best in retail design, store fixtures and visual presentation.
 

Fremont, Calif. – Men’s Wearhouse reported a loss of $35.9 million for the fourth quarter, compared with a loss of $30.5 million in the year-ago period, weighed down by costs related to its June 2014 acquisition of Jos. A. Banks.

Net sales increased 66% to $928.4 million from $560.6 million, aided by the addition of revenue from Jos. A. Bank.

By brand, same-store sales increased 6.8% at Men’s Wearhouse stores, 8.6% at Moores and 6.8% at K&G. Sales fell 6.6% at Jos. A. Bank.