Pursuits
Jos. A. Bank Plunges on Full-Year Forecast: Washington Mover
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Jos. A. Bank Clothiers Inc. plunged the most in more than four years after saying annual profit will fall 20 percent amid lost sales from unseasonably warm weather and U.S. political uncertainty.
Shares of the century-old maker of men’s apparel fell 15 percent to $39.28 at the close in New York, the biggest one-day drop since September 2008. Competitor Men’s Wearhouse Inc. also declined today, falling 5.9 percent to $31.21, the biggest one-day drop since June.