Men's Wearhouse will open its first Joseph Abboud flagship store at 424 Madison Ave. in Manhattan in the spring.
By on December 1, 2014
NEW YORK — A little more than a year after buying the Joseph Abboud brand and reuniting the label with its founder and designer, The Men’s Wearhouse will open a Joseph Abboud flagship at 424 Madison Avenue here in the spring.
Men’s Wearhouse bought the Joseph Abboud brand for $97.5 million in July 2013 and the collection has been rolling out to the retailer’s Men’s Wearhouse and Moores stores this fall. Already, the label represents 13 percent of sales and the company is projecting it will hit $200 million in sales by the end of the year. In addition, last month, the retailer unveiled Joseph Abboud Limited Edition Collection, a higher-priced lifestyle assortment of suits, sport coats, slacks, dress and casual shirts, knitwear, outerwear and accessories that is being sold exclusively on a new, separate Joseph Abboud Web site. The merchandise retails for around 30 percent to 40 percent more than the Joseph Abboud product currently sold in Men’s Wearhouse and Moores stores in the U.S. and Canada, with suits retailing for about $695 versus $495 at Men’s Wearhouse. The tailored clothing is manufactured in the company’s factory in Massachusetts, which also produces made-to-measure clothing under the Abboud label.
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