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Jos. A. Bank Clothiers Inc.

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Top Jos. A. Bank Clothiers Inc. Articles

Displaying items 49-60
  • Lax World, under new ownership, charts path to growth

    Lax World, under new ownership, charts path to growth
    The new owners of Lax World plan to ride the sport's mushrooming popularity to rapidly expand the small retail chain and establish it as the go-to brand for lacrosse gear nationwide. The popularity of lacrosse, one of the nation's fastest-growing team...
  • Men's Wearhouse shuns acquisition offer from Jos. A. Bank Clothiers

    Men's Wearhouse shuns acquisition offer from Jos. A. Bank Clothiers
    Struggling men's retailer Jos. A. Bank Clothiers Inc. is bidding to secure its future with the $2.3 billion offer it made for larger rival Men's Wearhouse. Men's Wearhouse spurned the offer, made public Wednesday by Jos. Bank, saying it significantly...
  • Jos. A. Bank Clothiers faces challenges in pursuit of Men's Wearhouse chain

    Jos. A. Bank Clothiers faces challenges in pursuit of Men's Wearhouse chain
    Jos. A. Bank Clothiers Inc. faces a difficult fight in its $2.3 billion quest to acquire rival Men's Wearhouse, experts say. And that's not only because Houston-based Men's Wearhouse said it doesn't want to sell out to Jos. A. Bank. The struggling...
  • Jos. A. Bank appoints former department store head to board

    Jos. A. Bank appoints former department store head to board
    Jos. A. Bank Clothiers Inc. has appointed a former Bon-Ton Stores executive to its board of directors, the Hampstead-based men's apparel chain said Wednesday. Byron "Bud" Bergren's appointment takes effect immediately, the company said. Bergren had...
  • Jos. A. Bank reports 38% drop in quarterly profit

    Jos. A. Bank reports 38% drop in quarterly profit
    Difficulties continued in the second quarter for Jos. A. Bank Clothiers Inc., but shareholders reacted well to steps the men's retailer took to address their concerns. Jos. A. Bank announced Thursday that its profits slumped 38 percent in the quarter...
  • Jos. A. Bank Clothiers considering acquisitions

    When reports surfaced that Jos. A. Bank Clothiers Inc. had bid for a designer jeans maker, CEO R. Neal Black said the company's board decided it had to go public with plans to pursue potential acquisitions. While the Hampstead-based men's apparel...
  • Jos. A. Bank stock climbs 12 percent as shareholders call for new direction

    Jos. A. Bank stock climbs 12 percent as shareholders call for new direction
    Shares of Jos. A. Bank Clothiers Inc. jumped 12.5 percent Tuesday after investment manager BeaconLight Capital LLC urged the Hampstead-based men's apparel chain to change direction by reorganizing its board and returning cash to shareholders. "We are...
  • Jos. A. Bank issues profit warning

    Jos. A. Bank issues profit warning
    Jos. A. Bank Clothiers Inc. expects profits to drop in the second quarter, the Hampstead-based retailer announced Thursday. Earnings are expected to decline to about 49 cents to 53 cents per share, compared with 83 cents per share in the second...
  • Shareholders wage campaign against Jos. A. Bank Clothiers

    Shareholders wage campaign against Jos. A. Bank Clothiers
    Jos. A. Bank Clothiers faces a growing shareholder revolt as demonstrated by an institutional investor's open letter last week calling for the Hampstead-based retailer to return its growing cash reserve to owners of its stock. BeaconLight Capital LLC,...
  • Jos. A. Bank shareholders vote disapproval of CEO pay

    Jos. A. Bank Clothiers Inc. shareholders voted to reject pay packages for the menswear retailer's top executives at the company's annual meeting Friday, a nonbinding action that may express displeasure with management or, company officials believe, a so-...
  • Jos. A. Bank Clothiers CEO unveils strategy to reverse sales slowdown

    Jos. A. Bank Clothiers CEO unveils strategy to reverse sales slowdown
    Regular customers of Jos. A. Bank Clothiers are shopping in the chain's stores less often than usual. And this year, consumers have bought fewer items at lower prices than in the past, leading to a sharp drop in first quarter profits for the men's apparel...
  • Jos. A. Bank first-quarter earnings fall 45 percent

    Jos. A. Bank first-quarter earnings fall 45 percent
    Jos. A. Bank Clothiers Inc. said Wednesday its first-quarter earnings slid 45 percent as store sales slowed, inventory costs rose and the men's apparel chain sold more items at clearance prices. Earnings of 29 cents per share for the three months that...