Men's Wearhouse (MW) Tops Q1 EPS by 2c, Enters Agreement with Macy's (M) for Tuxedo Rental Shops

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Go back to Men's Wearhouse (MW) Tops Q1 EPS by 2c, Enters Agreement with Macy's (M) for Tuxedo Rental Shops

Men's Wearhouse Signs Agreement With Macy's To Operate 300 Macy's Tuxedo Shops And Online Rentals

June 10, 2015 5:31 PM EDT

FREMONT, Calif., June 10, 2015 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced it has signed a 10-year agreement with Macy's, Inc. to operate men's tuxedo rental shops inside 300 Macy's stores.  No other terms were disclosed.

Doug Ewert, Men's Wearhouse chief executive officer, stated, "As the nation's leading provider of tuxedo rental products and services, we are very excited to team with Macy's for the next decade to provide their customers with exceptional tuxedo rental services inside of 300 Macy's stores across the country."

The new Macy's... More

Men's Wearhouse Reports Fiscal 2015 First Quarter Results

June 10, 2015 5:30 PM EDT

FREMONT, Calif., June 10, 2015 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced consolidated financial results for the fiscal first quarter ended May 2, 2015.

GAAP diluted EPS for fiscal first quarter 2015 was $0.21 and adjusted EPS was $0.54 excluding non-operating items(1).

Doug Ewert, Men's Wearhouse chief executive officer, stated, "We are very pleased to report another strong quarter with all brands performing well.  Comparable sales increased 6.8% at Men's Wearhouse, 0.8% at Moores and 7.3% at K&G and decreased 1.5% at Jos. A. Bank.  Traffic increased year over year at all of our U.S. brands and... More