Men's suit retailer Jos. A. Bank Clothiers Inc said comparable-store sales rose in November, suggesting its new strategy of offering more straight discounts rather than buy-one-get-more offers was paying off.The company - the target of a takeover bid by Men's Wearhouse Inc - struggled earlier this year as customers did not respond to its aggressive marketing campaigns, which included a offers such as "buy one, get three free".Comparable-store sales have fallen in every quarter this year, including the latest quarter when they fell 0.1 percent."... The customer is responding well to the changes we are making in the promotional side of our business," Chief Executive R. Neal Black said in a statement on Thursday.
The Men?s Wearhouse, Inc. is a specialty retailer of men?s suits and a provider of tuxedo rental product in the United States and Canada. Shares of MW remained unchanged at $51.67. In the past year, the shares have traded as low as $27.42 and as high as $52.72. On average, 1519420 shares of MW exchange hands on a given day and today's volume is recorded at 0.
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