Men’s Wearhouse founder and longtime CEO George Zimmer is a familiar face from appearing in his company’s commercials for decades, and now he’s trying to figure out how to take the company he started back. Would the existing suit and tuxedo rental businesses mesh well with his online tux-rental and tailor-dispatching companies? A private Men’s Wearhouse (or holding company Tailored Brands, as it’s now known) wouldn’t have to answer to crowds of shareholders, but would have a lot of debt to pay down. [More]
jos a bank
Men’s Wearhouse CEO Says He Knows How To Fix Jos. A. Bank
By 12.11.15
Men’s Wearhouse is about a year and a half into its ownership of Jos. A. Bank, and it’s safe to say things aren’t going so well: after layoffs in March 2015, and ending three-for-one suit deals, sales are down, way down. But Men’s Wearhouse says it’s got a plan to turn things around, and isn’t giving up on the suit-slingers at Jos. A. Bank just yet. [More]
Jos. A. Bank Tries And Fails To Wean Customers Off Deep Discounts
By 11.6.15
Once your customers are used to receiving discounts, it’s really hard to wean them off. Just ask JCPenney, a company that conducted a spectacular nationwide failed experiment in misunderstanding one’s own customer base. This week, Men’s Wearhouse shared the news that their attempt to change the habits of Jos. A. Bank shoppers isn’t going so well: sales are way down. [More]
Jos. A. Bank Wants To Change Image, Ditch Reputation Of Cheap Suits By The Bushel
By 9.22.15
When Saturday Night Live shows a family using your menswear company’s products to sop up orange juice spills and pet urine because they’re cheaper than paper towels, and people actually find this funny, that’s a sign that maybe it’s time to reconsider your promotions strategy. Jos. A. Bank is trying a new strategy, which involves promotions with suits in more reasonable quantities than in the past. [More]
One Year After Merger, Men’s Wearhouse Announces Layoffs At Jos. A. Bank HQ
By 3.31.15
It was a little over a year ago that Men’s Wearhouse and Jos. A. Bank ended months of contentious courtship and merged, with Men’s Wearhouse acquiring the smaller clothing chain for $1.8 billion. Now, the honeymoon is over, and Men’s Wearhouse is laying off or transferring some employees at Jos. A. Bank HQ in Hampstead, Maryland. [More]
It’s Finally Happening: Men’s Wearhouse Will Buy Jos. A. Bank For $1.8 Billion
By 3.11.14
It’s here at long, long last! The wedding of the century. Forget those royals, forget that person on TV with a skating rink on her finger: After months of sparring, Men’s Wearhouse is buying Jos. A. Bank for $1.8 billion. Let’s hope the new couple doesn’t get into another fight over who will provide the tuxedos. [More]
Men’s Wearhouse And Jos. A. Bank Finally Talk Merger, Might Make This Thing Work
By 3.3.14
Men’s Wearhouse and Jos. A. Bank, the Mary and Matthew Crawley of the modestly-priced suit world, are one step closer to settling down with each other. After months of courtship that included buying another clothing retailer and competing bids to buy each other, the two companies have finally settled down for a frank chat about joining their retail operations in corporate matrimony. [More]
Men’s Wearhouse Raises Its Bid For Jos. A. Bank, Tells It To Ditch Eddie Bauer Deal
By 2.24.14
We’re not sure if this is some kind of awkward mating ritual or a true test of wills, but the back-and-forth between Men’s Wearhouse and Jos. A. Bank just keeps getting nuttier: Men’s Wearhouse wants Jos. A. Bank so bad, it’s upped the ante and raised its takeover bid by about $1.78 billion. But it’s also saying Jos. A. Bank has to dump its newest fling, Eddie Bauer. [More]
True Love Or Last Ditch Effort To Avoid Takeover? Jos. A. Bank Purchases Eddie Bauer For $825M
By 2.14.14
With today being Valentine’s Day, it’s no surprise love is in the air. And that love couldn’t be any more evident than with men’s clothing retailers. Because when one lover turns down your attempt of a takeover, you move on to the next best option, right? That appears to be the case with Jos. A. Bank, as the company announced today that it would buy Eddie Bauer. [More]
Jos. A. Bank Attempts To Fend Off Men’s Wearhouse Get Weirder
By 2.5.14
Everyone was getting bored with the constant drama in the Men’s Wearhouse/Jos. A. Bank saga, and we ran out of “gonna like the way you look” jokes weeks ago. That’s why Joey B. decided to mix things up last week and make what seems like a completely random offer to acquire Eddie Bauer. [More]
Jos. A. Bank Shareholders Like How Men’s Wearhouse Takeover Bid Looks, Sues Board
By 1.13.14
We can’t help it: we really miss Men’s Wearhouse founder George Zimmer and his “you’re gonna like the way you look; I guarantee it!” commercials, and are compelled to make headline jokes about him. Yet since his ouster, it’s been interesting to watch dueling big-box menswear chains Jos. A. Bank and Men’s Wearhouse circle each other in a strange acquisition mating ritual. Each company wants to acquire the other, you see, and one major investor has had enough. [More]
Men’s Wearhouse Likes The Way Jos. A. Bank Looks, Wants To Buy It
By 1.6.14
Jos. A. Bank and Men’s Wearhouse sell similar merchandise at similar price points in similar environments (malls), so why should they deny how much they have in common?
The two companies have been circling each other for months now, wanting to acquire each other. Now Men’s Wearhouse has made a second, higher offer for Jos. A. Bank. [More]
What A Black Friday Logistics Disaster Looks Like From The Other Side Of The Register
By 11.27.12
We mere consumers sit here waving our credit cards, whining about how we missed this or that great holiday deal, or our orders were canceled. But what’s the winter shipping frenzy like on the other size of the counter? One employee of men’s clothing store Joseph A. Bank reached out to us to explain the chain’s Black Friday logistics mess from the other side of the register. In addition to regular in-person shopping frenzy traffic, employees had to fill online orders if they happened to have the inventory. This worked pretty well until orders started to come through in multiples. [More]
Jos. A. Bank Puts Item On 'Clearance' By Raising Price
By 8.15.11
Sharon followed a link from our daily “Morning Deals” post to clothing retailer Jos. A. Bank to check out the “clearance” section. There was a coupon code for an additional 25% off clearance items, but apparently not all clearance sales are created equal. [More]
Jos. A. Bank Advertises "Super Jew Day" Sale?
By 12.15.10
Even though Hanukkah is over, it sounds like the folks at Jos. A. Bank (much more easily pronounced as “Joseph A. Bank”) are having a sale that might be perfect for Jewish shoppers looking to save on menswear. [More]
JoS A. Bank Will Refund Part Of Suit If You Lose Your Job
By 3.19.09
Work suits starting to look a little shabby? Wishing that that cool worn-in jeans look applied to trousers? One men’s clothier is sick and tired of men cutting back on buying suits because of the economy — so they’re promising to refund a portion of the money you spent on the suit if you lose your job.
