The Men’s Wearhouse Inc. felt the effects of poor weather in the fourth quarter but has seen the new fiscal year get off to a strong start.
Reporting financial results hours after shaking hands on the deal to acquire Jos. A. Bank Clothiers for $65 a share, or about $1.8 billion, the Fremont, Calif.-based men’s specialty retailer reported that, in the fourth quarter ended Feb. 1, its net loss widened to $30.4 million, or 64 cents a diluted share, from a loss of $3.4 million, or 7 cents, in the final quarter of 2012. Excluding $19 million in pretax special charges for items including impairment, the acquisition and integration of JA Apparel and costs associated with the closure of K&G’s e-commerce functions and “separation costs associated with former executives,” the adjusted loss was 38 cents a share, well beyond the 13-cent loss expected, on average, by analysts.
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)