Men's Wearhouse reduces voting standard to amend bylaws The Men's Wearhouse announced that its board of directors has amended and restated the company's bylaws to modify the voting standard required for shareholders to amend the company's bylaws from 66-2/3% to a majority of Men's Wearhouse's outstanding voting stock. Note that Men's Wearhouse said yesterday that it expects to complete its combination with Jos. A. Bank (JOSB) within the "next few weeks."
Jos. A. Bank to scale back on suit discounts, Business Insider reports Men's Wearhouse is scaling back on the discounts for Jos. A. Bank, reports Business Insider. CEO Doug Ewert said the "buy-one, get-several free" deals are no longer sustainable, adding that the company "sees an opportunity to expand on other reasons to shop at Jos. A. Bank, beyond just deep discounts. Reference Link