Upon hearing the news this morning that American Apparel CEO Paula Schneider was resigning from her post, we couldn’t help but feel a twinge of deja vu. After all, she’s far from the first top executive to cause a stir with a sudden departure. [More]
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]
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]
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]
The number of weddings relative to the U.S. population is the lowest it’s been since World War I, and tuxedo-rental shops like Men’s Wearhouse are seeing a decrease in their business. They blame demographic patterns, changes in wedding fashion, and changes in the formalwear rental business as a whole for the decrease, and see the trend continuing for now. [More]
He might not be able to guarantee you’ll like the way you look, but George Zimmer, the former face of Men’s Wearhouse, is back and pitching on behalf of his own clothing company, an on-demand tailoring business called zTailors that he thinks is “a hell of an idea.”
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 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, 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]
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]
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.
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]
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]
Ever since George “You Only Liked The Way You Looked When I Was At The Company, Right?” Zimmer was booted from his spot as executive chairman of Men’s Wearhouse, he has not been a happy camper. Earlier this week he resigned from the board altogether, prompting his former colleagues at the retailer to issue a statement basically calling him a power-hungry grumpyface. That didn’t sit so well, it seems, as Zimmer has now fired off a letter full of zingers back at the board. [More]
George Zimmer has emerged from what must have been a bit of a stewing session after getting fired from his position as executive chairman Men’s Wearhouse last week, the company he co-founded. He resigned from the company’s board of directors yesterday, effective immediately, saying he doesn’t like the way the company is going. [More]
UPDATE: George Zimmer responded to getting the boot by issuing a statement that he’s far from pleased. In fact, he sounds pretty ticked off. [More]
Reader Michael emailed to let us know that Men’s Wearhouse, for no extra fee and with no hassle, bumped his suit alterations ahead in the schedule so he could make his grandmother’s funeral on time.