The back off from Abercrombie & Fitch on Monday about a potential sale shows that mergers and acquisitions for fashion retailers are not the easiest move, only braved by a select few and avoided after a certain age.
Tailored Brands will close 170 tuxedo shops at Macy's in the second quarter, as part of an agreement to wind down the tuxedo rental business. The company also posted a decrease in net sales for the quarter.
U.S. antitrust officials on Friday said they had closed their investigation into the proposed merger of men's clothing retailers Men's Wearhouse and Jos. A. Bank, a move that will allow the deal to move ahead.