The men’s wear industry is not immune to the malaise that has hit the retail sector hard over the past year.Late Wednesday, Tailored Brands Inc., the former Men’s Wearhouse, reported sales declines for fiscal 2016 and warned of another tough year in 2017 — a disclosure that led to a steep drop in the stock price when the market opened Thursday morning. In mid-morning trading, shares on the New York Stock Exchange were trading down more than 30 percent, falling to just over $16.Douglas Ewert, chief executive officer, said the retailer is projecting earnings per share in the range of $1.45 to $1.75 on comparable-store sales declines in the low-single digits at Men’s Wearhouse and comp increases in the mid-single digits at its Jos. A. Bank division. Analysts were expecting profits this year to be considerably higher at $2.10 a share.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)