THE ASSOCIATED PRESS
Men’s Wearhouse sweetened its offer for rival Jos. A. Bank on Monday to $1.61 billion. Here’s a look at how the two men’s clothing companies stack up:
Men’s Wearhouse:
Founded: 1973
Based in: Houston, Texas
Stores: 1,143 retail stores
Clothing: Men’s Wearhouse sells men’s sportswear and suits through its Men’s Wearhouse, Moores and K&G retail chains. It is also one of the biggest tuxedo-rental companies. Recently, it’s been going after younger shoppers with suits with slimmer silhouettes. It’s also trying to raise the average ticket price and announced in July that it’s buying upscale Joseph Abboud brand for about $97.5 million in cash.
Market cap: $2.47 billion
Jos. A. Bank:
Founded: 1982
Based in: Hampstead, Md.
Stores: 602 retail stores
Clothing: Jos. A. Bank sells men’s tailored and casual clothing, sportswear and footwear and operates 623 stores in 44 states and the District of Columbia. While it gears to a more established male professional, it’s known for generous promotions like buying one suit or sport coat and getting three for free.
2012 net revenue: $1.05 billion
Market cap: $1.59 billion