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Jos. A. Bank Clothiers Inc.

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Top Jos. A. Bank Clothiers Inc. Articles

Displaying items 12-22
  • President Obama shops for Michelle and the girls at Gap

    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...
  • Jos. Bank to be acquired by Men's Wearhouse for $1.8 billion

    Jos. Bank to be acquired by Men's Wearhouse for $1.8 billion
    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...
  • Jos. Bank chairman to get up to $5.8 million payout in sale to Men's Wearhouse

    Jos. Bank chairman to get up to $5.8 million payout in sale to Men's Wearhouse
    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...
  • Jos. A. Bank and Men's Wearhouse to retain identities in business marriage

    Jos. A. Bank and Men's Wearhouse to retain identities in business marriage
    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...
  • Harris Teeter will open April 8 in Shops at Canton Crossing

    Harris Teeter will open April 8 in Shops at Canton Crossing
    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....
  • Men's Wearhouse hires advisory firm to help merge Jos. A. Bank chain

    Men's Wearhouse hires advisory firm to help merge Jos. A. Bank chain
    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...
  • Jos. A. Bank earnings slip on costs related to takeover

    Jos. A. Bank earnings slip on costs related to takeover
    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...
  • Men's Wearhouse raises offer for Jos. A. Bank

    Men's Wearhouse raises offer for Jos. A. Bank
    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...
  • Men's Wearhouse ups bid for Jos. A. Bank by 10 percent

    Men's Wearhouse ups bid for Jos. A. Bank by 10 percent
    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...
  • Men's Wearhouse raises offer to buy rival Jos. A. Bank

    Men's Wearhouse raises offer to buy rival Jos. A. Bank
    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...
  • Men's Wearhouse turns tables, offers to buy rival Jos. A. Bank

    Men's Wearhouse turns tables, offers to buy rival Jos. A. Bank
    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...