Thursday, September 13, 2018

Jos. A. Bank sales slip in 2Q, parent company's stock rises

Jos. A. Bank sales declined 1.1 percent in the second quarter, ending a streak of two consecutive quarters of growth. Net sales were $172.4 million, down from $174.3 in the prior-year quarter. It’s an improvement from the 6.3 percent sales decline the Hampstead-based men’s retailer reported a year ago. Jos. A. Bank had reported sales increase in each of the prior two quarters after seeing nothing but decreases since getting acquired by Mens Wearhouse in 2014. On a same-stores basis, comparable…



from https://www.bizjournals.com/baltimore/news/2018/09/13/jos-a-bank-sales-slip-in-2q-parent-companys-stock.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/178046779622

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