| Mar 12, 2014
| 8:04 AM
On a trip to Manhattan on Tuesday, President Obama made an unscheduled visit to a midtown Gap to talk about raising the minimum wage and draw attention to the retailer, which has done so. And he also shopped for a jacket for First Lady Michelle Obama...
| Mar 11, 2014
| 7:06 PM
Jos. A. Bank Clothiers finally liked the look of Men's Wearhouse's takeover offer as the Hampstead-based retailer accepted a $1.8 billion buyout Tuesday.
The deal would pay Bank's stockholders $65 a share cash, $10 more than Men's Wearhouse initially...
| Mar 14, 2014
| 5:51 PM
The chairman of Jos. A. Bank Clothiers Inc. will receive a payout of up to $5.8 million as part of the chain's acquisition by Men's Wearhouse in a $1.8 billion deal.
Bank Chairman Robert N. Wildrick will be paid $3.5 million under a two-year noncompete...
| Mar 15, 2014
They both sell suits to the American middle class, but in consumers' minds, Jos. A. Bank Clothiers and the Men's Wearhouse occupy distinctive niches.
Bank's image is classic, Men's Wearhouse is trendier. Though both are known for a promotional sales...
| Mar 27, 2014
| 3:06 PM
The long-awaited Harris Teeter supermarket anchoring the Shops at Canton Crossing will open April 8, the chain said Thursday.
Furniture retailer Arhaus and menswear chain Jos. A. Bank Clothiers also announced one new area store each on Thursday....
| Mar 31, 2014
| 2:41 PM
The Men's Wearhouse Inc. hired a business advisory firm to help it merge with Hampstead-based Jos. A. Bank Clothiers Inc. once it acquires the rival retailer in a $1.8 billion deal announced earlier this month.
The firm, AlixPartners, will help Men's...
| Apr 2, 2014
| 5:58 AM
Jos. A. Bank Clothiers saw its earnings slide in the fourth quarter as the menswear retailer attempted to fight off a takeover by Men's Wearhouse.
The Hampstead-based retailer ultimately succumbed, agreeing to a $1.8 billion merger with its larger rival...
| Feb 24, 2014
| 6:06 AM
Men's Wearhouse Inc. raised its offer for Jos. A. Bank Clothiers Inc. by more than 10 percent, nearly two weeks after its smaller rival looked to fend off the unsolicited bid by agreeing to acquire Eddie Bauer.
Men's Wearhouse raised its cash tender...
| Feb 24, 2014
| 4:33 PM
Men's Wearhouse sweetened its hostile bid for Hampstead-based Jos. A. Bank Clothiers Inc. on Monday, raising its price more than 10 percent in a deal that hinges on Bank dropping its plans to buy Eddie Bauer.
Houston-based Men's Wearhouse boosted its...
| Feb 24, 2014
| 8:51 AM
Men's Wearhouse does not want to take "no" for an answer.
The Fremont, Calif.-based retailer on Monday raised its offer to purchase rival Jos. A. Bank Clothiers Inc. to $63.50 a share, up from $57.50, and has also sued to prevent Jos. A. Bank's planned...
| Nov 26, 2013
| 9:19 AM
Less than two months after it rejected a proposal from rival Jos. A. Bank to be taken over, Men's Wearhouse turned the tables Tuesday.
Men's Warehouse is offering to buy Jos. A. Bank Clothiers Inc. for $55 a share, for an estimated value of $1.2...