Men’s Wearhouse appears to be contemplating two separate strategies for remaking itself in the wake of the controversial departure of its founder earlier this year.
First there were reports over the past several weeks that indicated Jos. A. Bank, which is similar in both price and quality, was attempting a corporate acquisition of Men’s Wearhouse.
Then then was the news that Men’s Wearhouse could be acquiring the venerable American shoemaker Allen Edmonds.
While this could be an attempt by Men’s Wearhouse to enhance its value ahead of an acquisition, it could also be part of a broader strategy to increase declining sales by ending the perception of it being a low-end clothier that is best avoided.
The latter seems increasingly likely, especially when Men’s Wearhouse acquisition of Joseph Abboud, the entry-level made in America maker of suits and other tailored clothing, is taken into consideration.
With a growing segment of the marketplace demanding American-made goods, it could make sense, as well cents, for Men’s Wearhouse to begin carrying a range of moderately priced alternatives to the limited section of made in America clothing solid at the upmarket Brooks Brothers.