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Friday, February 26, 2021

Glance: Men’s Wearhouse and Jos A Bank

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

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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