Jos. A Bank scaled back on the main reason people shop there, and sales are tanking
Jos. A. Bank
Jos. A Bank has been scaling back on its massive discounts, and now sales are tanking.
The retailer's "buy-one, get-several-free" deals on men's suits, sport coats, sweaters, and more helped make Jos. A Bank a household name.
But Men's Wearhouse, which acquired Jos. A Bank last year, recently began phasing out the promotions, saying they were no longer sustainable.
Jos. A Bank's same-store sales fell 14.6% in the most recent quarter.
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