The Men’s Wearhouse Inc. registered lower third-quarter earnings and a modest uptick in sales, but remained mostly mum on its $1.2 billion bid for competitor Jos. A. Bank Clothiers Inc.Bank made a very public play for Men’s Wearhouse in October, offering $48 a share. And while Men’s Wearhouse roundly rejected that offer, the company did acknowledge the strategic rationale of a combination and last month went on the offensive, offering to buy the smaller Bank.The takeover tit-for-tat came up only in passing in Men’s Wearhouse’s earnings statement, but analysts will have their chance to press executives for information on the possibility of a deal and on quarterly results during a conference call Thursday morning.RELATED CONTENT: WWD Earnings Tracker >>Men’s Wearhouse’s third-quarter net profits fell 21.8 percent to $38.2 million, or 79 cents a diluted share, from $48.8 million, or 95 cents, a year earlier. Stripping away costs associated with the recently acquired Joseph Abboud business, adjusted earnings fell to 90 cents a share from 95 cents a year ago.The first read from investors was generally cautious following the afternoon report, and shares of the company slipped 1 cent to $50.46 in after-hours trading.Sales for the quarter ended Nov. 2 increased 2.8 percent to $648.9 million from $631 million. Comparable-store sales rose 2.6 percent for the company’s flagship Men’s Wearhouse brand, which accounts for two-thirds of overall revenues. Doug Ewert, president and chief executive officer, said he was “very pleased” with the Men’s Wearhouse comp result.Ewert also noted that the Abboud designer brand had been introduced to several large markets and would be rolled out to all stores. Men’s Wearhouse spent roughly $97.5 million to acquire the Abboud business and a U.S. tailored apparel factory in August.
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)