$1.8 billion Houston Takeover

A $1.8 billion Houston takeover: Men's Wearhouse gobbles up a competitor, area store closings to follow

A fractious battle between two menswear giants reached a truce Tuesday when Men's Wearhouse announced that is acquiring rival Jos. A. Bank Clothiers for about $1.8 billion.

The announcement ended a five-month saga that started when Jos. A. Bank offered to buy Men's Wearhouse, whose corporate offices are in Houston and Fremont, Calif., soon after Men's Wearhouse founder George Zimmer was pushed out of the company.

The announcement ended a five-month saga that started when Jos. A. Bank offered to buy Men's Wearhouse soon after founder George Zimmer was pushed out.

The bidding went back and forth between the two rivals and at one point Jos. A. Bank said it planned to acquire clothing brand Eddie Bauer in a bid to stay independent.

Men's Wearhouse brought the clothing war to a conclusion with an offer price of $65 per share, considerably more than the Jos. A. Bank stock price when the battle began last October.

The combined operation will create the fourth-largest men's apparel retailer in the United States with annual sales of about $3.5 billion at more than 1,700 stores. The Associated Press reports that Jos. A. Bank will keep its name and possibly its "buy one suit and get three free" deals.

To reduce costs, Men's Wearhouse is expected to close duplicate stores in the same mall or in free-standing locations close to each other. In Houston, Men's Wearhouse and Jos A. Banks overlap in such locations as the River Oaks Shopping Center, Meyerland, the Galleria area and Sugar Land. The company has not announced any closings or consolidations.

Men's Wearhouse has acquired Jos. A. Bank Clothiers to create the fourth largest men's clothing chain in the U.S.

Reuters VCPost.com

Men's Wearhouse has acquired Jos. A. Bank Clothiers to create the fourth largest men's clothing chain in the U.S.

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no more magic of macy's

Macy's to shutter dozens of stores nationwide, including 1 in Houston

Courtesy photo

Macy's said it would be moving forward with closing 66 locations, including Houston's Alameda Mall store.

A major department store name is contracting its presence in Texas: Macy's is planning on closing six of its locations statewide, including a Houston store, by the end of April 2025.

Macy's is the New York-based brand, which includes Macy’s, Bloomingdale’s, and Bluemercury.

According to a press release, the company will be closing 66 stores nationwide as a part of its "Bold New Chapter" strategy to make the company profitable again. In all, Macy's is planning on shuttering 150 "underproductive" locations by 2026.

The singular Houston Macy's that is included in the closure is located at Almeda Mall. A clearance sale is expected to begin this month and will last for approximately 8-12 weeks, according to a FAQ on the Macy's website. Shoppers who currently patronize that store will soon have to travel eight miles farther to Macy's Baybrook Mall location in Friendswood, or visit one of the three remaining locations in the city limits.

The five Dallas-Fort Worth stores that are closing include:

Macy's Village, 201 Stacy Rd. in Fairview
Shops at Willow Bend, 6209 W. Park Blvd. in Plano
Southlake Town Square, 321 State St. in Southlake
Market by Macy's WestBend, 1751 River Run #101 in Fort Worth
Highlands of Flower Mound, 6101 Long Prairie Rd. Suite 500 in Flower Mound

Though Texas is losing six stores, California and New York will be hit harder with the loss of nine stores each.

"Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service," said Tony Spring, chairman and chief executive officer of Macy’s, Inc. in the release.

shopping closings