Men’s Wearhouse board rejected a $2.4 takeover bid from smaller rival Jos. A. Bank Clothiers on Wednesday, marking it as the second occasion when the company has turned down the idea of selling the clothing chain. Earlier in June, Men’s Wearhouse board fired its founder and biggest shareholder, George Zimmer, blaming him that he was [...]
Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% [...]
Shares of Vera Bradley Inc. (NASDAQ: VRA) slumped on Thursday after the handbag and travel leisure accessories maker provided downbeat outlook on the current quarter and full-year, late last evening. However, fiscal fourth-quarter results exceeded Street’s estimates. For the quarter ended February 2, The Fort Wayne-based Company reported a profit of $25.1 million, or 62 [...]
Although the Men’s Wearhouse Inc.’s (NYSE: MW) fiscal fourth-quarter results fell short of Street’s estimates due to “challenging macroeconomic environment”; shares rallied in afterhours trading on Wednesday after the specialty men’s suit maker said that it has hired Jefferies & Co. to help evaluating strategic alternatives for its K&G operations. The Company is inclined focusing [...]
Shares of Men’s Wearhouse Inc. (NYSE: MW) surged in trading today after the retailer posted better-than-expected second-quarter profit, driven by solid sales and improved margins. [...]
Shares of The Men’s Wearhouse Inc. (NYSE: MW), a specialty retailer of men’s suits and a provider of tuxedo rental product in the U.S. and Canada, surged in trading today after the company reported its second-quarter financial results. [...] |
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