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Reports: Men’s Wearhouse considers Allen Edmonds purchase
Houston – After rejecting a $2.3 billion buyout offer from Jos. A. Bank, Men’s Wearhouse reportedly is considering purchasing men’s shoemaker Allen Edmonds Corp., according to reports by the New York Times, Wall Street Journal and others. The high-end footwear is owned by private equity firm Goldner Hawn Johnson & Morrison, which bought it seven years ago.
It wasn’t clear how — or if — a deal for Allen Edmonds would impact on Jos. A. Bank’s offer.
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Survey: Holiday shoppers seek deals, make plans
Austin, Texas - The current state of the economy will drive 41% of consumers to look for ways to save money on their holiday shopping this year, seeking out bargains and coupons. According to the new annual holiday shopping and coupon usage survey from Offers.com, about half of people (51%) make a holiday gift list, and 62% set a budget for their holiday gift shopping.
Other holiday-related findings from the survey include: