Men's suit retailer Jos. A. Bank Clothiers Inc said comparable-store sales rose in November, suggesting its new strategy of offering more straight discounts rather than buy-one-get-more offers was paying off.
Sycamore Partners is in advanced talks to acquire off-price chain store K&G from Men's Wearhouse Inc, the clothing retailer embroiled in a takeover battle with Jos. A. Bank Clothiers Inc, according to four people fami...
Jos. A. Bank terminated its offer to buy Men's Wearhouse, sending Men's Wearhouse shares down as much as 11 percent before the bell, although Jos. A. Bank did not rule out another bid for its larger rival in future.
Jos. A. Bank Clothiers offered to buy bigger rival Men's Wearhouse for about $2.3 billion to create a men's apparel heavyweight with more than 1,700 stores - a proposal that Men's Wearhouse swiftly rejected.