Dec
08

Jos. A. Bank’s Comeback Fuels Huge Rally for Tailored Brands

By
  • Earnings top estimates after suit retailer cuts costs
  • The shares jump as much as 45 percent in wake of results

Jos. A. Bank, the suit retailer that saw sales plunge after abandoning its famous “buy-one-get-three-free” specials, is showing signs of a rebound far sooner than expected — setting off a 45 percent rally for its parent company.

Same-store sales at the chain are expected to grow by a percentage in the mid- to high-single digits during the fourth quarter, according to parent Tailored Brands Inc., which also owns Men’s Wearhouse. A brighter outlook led the retailer to boost the low end of its annual earnings forecast…

Jos. A. Bank’s Comeback Fuels Huge Rally for Tailored Brands

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.