By  on December 9, 2009

The Men’s Wearhouse Inc. is keeping the promotional pedal to the metal for holiday, putting the bottom line at risk.

In posting a 35 percent increase in third-quarter earnings, the 1,274-unit, Houston-based retailer said it expects business to remain challenging in the fourth quarter and will answer that with continued aggressive promotions. It also said Tuesday it anticipates a fourth-quarter loss of 15 to 19 cents, versus analysts’ earlier expectations of a 1-cent profit, leading shares down sharply in after-hours trading.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus