Men's Wearhouse to invest $30 million in IT this year

Houston Half of capital expenditures for Men's Wearhouse in 2010 will go toward IT investments in applications, distribution centers and headquarters projects, according to a report by RIS News.

The other half will go toward new stores, store remodels and store relocations, said Neil Davis, executive VP, CFO, treasurer and principal financial officer for the men's apparel chain.