• Tailored Brands Ends 2017 With Sales Momentum

    6 monthes ago - By WWD

    Men's wear retailer Tailored Brands Inc. finished off 2017 with some signs of momentum.
    For the full year, net profits nearly quadrupled, to $96.7 million, or $1.95 a diluted share, from $25 million, or 51 cents, in 2016. It was a case of doing more with less, as sales for the year slipped modestly, to $3.3 billion from $3.38 billion.
    Comparable sales inched up 0.1 percent, with a 1.1 percent decline at the Men's Wearhouse division and a 5.4 percent gain at the Jos. A. Bank unit. (Results saw some firming in the fourth quarter, when total comps perked up 2.5 percent, with a 2.3 percent...
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