Men's Wearhouse founder says it's clear where the retailer went wrong
Dec 11, 2015, 04:08 IST
"When we acquired Joseph Bank, we knew that we needed to correct the promotional model," Ewert said. "However, we underestimated the impact to the near-term performance as we began to execute the difficult, but necessary, corrective steps. We remain confident that these steps will restore a long-term, sustainable, profit model and reshape the business for a healthy and growing Jos. A. Bank."