Men’s Wearhouse Inc. is moving away from buy-one-get-three-free at its Jos. A. Bank brand. Doug Ewert, CEO of Men’s Wearhouse, had said his company has a track record for fixing brands,
and saw a strategic opportunity for market share growth with Jos. A. Banks. But, “What we did not know then but do now was just how toxic some of the promotions were, and how deep and
far-reaching the transformation required would be, and how significantly near-term performance would suffer.”
Read the whole story at Market Watch »
