Jos. A. Bank Stumbles Pull Down Tailored Brands Estimates
6 days ago - By WWD
The holiday season wasn't too kind to Tailored Brands.
On Monday, the Fremont, Calif.-based men's retailer updated its outlook for the fourth quarter and scaled back its earnings per share expectations based on lower than anticipated results at the Jos. A. Bank division during November and December.
The company said its overall comparable sales for the nine-week period ended Jan. 5 decreased 1.4 percent. This reflects a 3.6 percent decline a the flagship Men's Wearhouse division, a 0.1 percent increase at Jos. A. Bank , a 2.1 percent increase at K&G and a 3.5 percent increase at...
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