- Men's Wearhouse (MW -9.5%) discloses at its Analyst Day presentation that it sees comp growth of 2% to 3% through 2017 and a gross margin improvement of 150 bps to 200 bps. Total sales should top $3.7B by 2017.
- The timing of merger synergy realization is pushed back a bit by execs on some potential inventory issues.The tuxedo business will generate some nice savings as the JB business moves over to MW.
- On the operational side, MW says it's learning from the profitable JB model.
- FQ2 comp growth QTD: Men's Wearhouse +3.6%; Jos. A Bank +2.4%; Moores +8.3%.
- Analyst Day webcast
at MarketWatch.com (Dec 31, 2014)