Men’s Wearhouse reports 37.3 percent rise in Q3 net sales

REPORT_ The Men's Wearhouse, announcing its consolidated financial results for the fiscal third quarter and nine months ended November 1, 2014 said that its total net sales increased 37.3 percent or 241.7 million dollars to 890.6 million dollars from 648.9 million dollars. Retail segment sales for the quarter increased by 42.3 percent or 243.6 million dollars due to 233.3 million dollars in sales at Jos. A. Bank and an increase in comparable sales at all other retail brands. Corporate apparel sales decreased by 2.6 percent or 1.9 million dollars.

Net sales at its largest brand, Men's Wearhouse, which represented 49 percent of total third quarter sales, were up 2 percent from last year's third quarter and comparable sales increased 2.2 percent. The higher margin tuxedo rental revenues comparable sales increased 5.3 percent in the third quarter of 2014.