Mens Wearhouse News

The Filene's Basement stores in Paramus and Elizabeth will remain open, as a result of a new round of bidding for the bankrupt chain Monday in which Syms Corp.

The auction for the bankrupt Filene's Basement chain will continue on Monday, with discounter Syms Corp.

Men's Wearhouse Inc and Crown Holdings have teamed up in a bid for bankrupt retailer Filene's Basement in an auction being held Friday in New York, a source close to the deal said.

Just a few minutes after the closing bell rang on Monday, investors of retailing stocks were reminded that nothing is a given in this environment.

Add a Comment 2164422 The Men's Wearhouse Inc. was unable to add Filene's Basement to its retail portfolio Wednesday.

Filene's Basement Inc., the clothing chain that agreed to sell itself to the Men's Wearhouse Inc., is facing an objection from the initial bidder approved to purchase its assets.

While Men's Wearhouse Inc. will salvage most of Filene's Basement locations across the U.S., a few -- including Baltimore's Inner Harbor store -- did not make the pick.

AN affiliate of Houston, Texas-based Men's Wearhouse Inc was the successful bidder for the 100-year-old Filene's Basement chain after bidding US$67 million for the off-price American retailer at a bankruptcy auction.

An affiliate of Men's Wearhouse Inc., the Houston-based apparel retailer, will pay $62 million for Filene's Basement Inc., the clothing chain that sought bankruptcy protection last month, a lawyer for Filene's said.

Founded in 1973, the Houston-based Men's Wearhouse is a men's specialty retailer with 1,294 stores and $1.97 billion in annual sales.

HOUSTON, TX / ROCKAWAY, NJ, June 05, 2009 /24-7PressRelease/ -- AL Systems, the leading supplier of software solutions for improving distribution, is pleased to announce that it is now providing pick, pack and warehouse control software solutions to Men's Wearhouse on the Linux operating system.

Neill Davis , chief financial officer of The Men's Wearhouse , told analysts on the fourth-quarter 2008 earnings call that "promotional posture is resonating with customers-both new and existing - and is positively impacting gross profit dollars, due in large part to effective marketing and merchandising initiatives." Despite management's attempt ...

The aggressive promotions at The Men's Wearhouse and Jos. A. Bank Clothiers have hit a sweet spot with Wall Street.

The men''s apparel retailer total quarterly sales declined 11% to $476.4 million.

Retail stocks reversed their earlier loss Thursday, with Men's Wearhouse Inc. leading the gainers after the suit and tuxedo rental retailer reported an adjusted fourth-quarter loss that came in much narrower ...

The Men's Wearhouse, Inc fourth quarter sales fell 11% to $476.4 million and net income fell 90% to $1.5 million or 3 cents a share.

Shares of Hot Topic Inc. and Men's Wearhouse moved higher late Wednesday after the clothing retailers posted quarterly results, while Freddie Mac shares fell after the company unveiled a fourth-quarter loss.

Men's Wearhouse Inc. is facing the "worst possible time" to be the dominant men's suit retailer in North America, an analyst said Tuesday, and downgraded the stock.

Men's Wearhouse Inc. said late Wednesday it expects fourth-quarter earnings to come in at the low end of its forecast range because of slow sales in Canada.