Tailored Brands CEO Doug Ewert said the embattled Jos. A. Bank brand is on a path toward “sustained profitable growth” as its sales have begun to stabilize. The Hampstead-based brand saw net sales decline 4.7 percent to $219.4 million in the fourth quarter, a vast improvement from a 31.7 percent decrease in the same quarter last year. The decline was mainly attributable to store closures. Jos. A. Bank has seen 119 stores close since Jan. 30, 2016. Tailored Brands (NYSE: TLRD), the holding company…
from http://www.bizjournals.com/baltimore/news/2017/03/08/jos-a-bank-stabilizing-amid-challenging-retail.html?ana=RSS%26s=article_search
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