However, the company’s actions to maintain liquidity caused the stock to rise in after-hours trading.
Company shares fell by nearly 30 percent as a result.
The merchant, marketing and e-commerce executives were handpicked by the company’s president, Carrie Ask.
With income about a third of what it was last year, the company revised its fourth-quarter outlook.
Carries Ask joins as brand president, while Scott Norris moves to chief merchandising officer role.
The company has rounded the corner at its Jos. A. Bank division and is making enormous strides in custom clothing.
George Zimmer first listed the oceanfront estate in 2015 for $35 million.
The custom suit business has been a bright spot for Men’s Wearhouse and Jos. A. Bank.
Q2 was important for acquiring Millennial men due to occasion — proms, graduation, weddings — dressing.
Also, Allen I. Questrom has elected not to stand for reelection to the board.