Markdowns and a last-minute promotion upended by Hurricane Sandy hit Jos. A. Bank Clothiers Inc.’s bottom line hard in the third quarter, delivering an earnings decline despite a double-digit increase in sales.
“We had a decline in our operating income margin due to additional markdowns and promotional activity which were needed to drive these sales,” said R. Neal Black, president and chief executive officer of the Hampstead, Md.-based men’s specialty store chain. “Also, Hurricane Sandy, which hit along the East Coast where the majority of our largest volume regions are located, negatively impacted third-quarter sales, particularly when we ran a big promotion right at the end of the quarter.”
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)