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Men's Wearhouse is shedding some light on why it parted ways with founder George Zimmer. The men's clothing retailer says that Zimmer seemed to have difficulty "accepting the fact that Men's Wearhouse is a public company with an independent board of
The San Francisco-based clothing retailer said stronger sales at its Banana Republic, Old Navy and namesake stores all contributed to the performance. For the quarter, the company said it earned $308 million, or 63 cents per share. That's compared
T albots Inc., the struggling Hingham-based women's clothing retailer, failed to reach a deal to be acquired by Sycamore Partners for $215 million within an exclusivity period that had been extended.Sycamore isn't prepared to make a transaction at
Marks and Spencer annual profits fall 16% The retailer said it was operating in a challenging environment Marks and Spencer's profits have fallen sharply in what the company describes as a tough environment. Profits for the year to the end of March
Mass. (AP) — Clothing retailer The Talbots Inc. says it has received a $210.9 million takeover offer from private equity firm Sycamore Partners. Sycamore, Talbot's largest shareholder, is offering $3.05 per share for the company.
Zumiez Inc. plans to move e-commerce operations from Everett to Kansas in May, the Everett-based clothing retailer announced Thursday. "As a company, we continually evaluate opportunities to increase the speed of delivering products to our customers
The chairman and CEO of French retail giant Carrefour SA has told the board he will resign this year. The board said in a statement Monday that Lars Olofsson will resign at the annual shareholder meeting in June.
Pumpkin Patch shares took a battering yesterday on news that its long-serving chief executive has quit and underlying net profit plummeted by 50 per cent in the year to July. Maurice Prendergast, who will step down as chief executive at the end of
Children's Place profits up in first quarter, but warns of tough second quarter The Children's Place Retail Stores Inc. beat earnings expectations for the first quarter of 2011. However, the clothing retailer forecast a loss in the second quarter,
DAS A pair of private equity firms are close to deal to acquire clothing retailer J. Crew Group Inc. for $43.50 a share in cash, or about $3 billion, people familiar with the matter said. Under the deal being considered, TPG Capital, a former owner