Jos. A. Bank, which is owned by Houston-based Tailored Brands Inc. (NYSE: TLRD), continued its trend of stabilization as sales decreased in the first quarter but not by as much as the previous year.
The Baltimore-based men’s retailer’s net sales declined 6.3 percent to $167.2 million for the quarter ending April 29, compared to last year when when net sales declined by more than 17 percent to $178.5 million.
Comparable sales at Jos. A. Bank improved 3.5 percent, as the total number of transactions…
Houston Biz Journal
Jos. A. Bank sales continue to decline but at a slower pace