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February 07, 2016 11:31 AM ET

Specialty Retail

Company Overview of Moores Retail Group Inc.

Company Overview

Moores Retail Group Inc. sells menswear through retail stores in Canada. Moores Retail Group Inc. was formerly known as Zorro Holding Corp. and changed its name to Moores Retail Group Inc. in September 1997. The company was founded in 1961 and is based in Montreal, Canada. As of February 10, 1999, Moores Retail Group Inc. operates as a subsidiary of The Men's Wearhouse, Inc.

5800 Rue Street Denis

Suite 900

Montreal, QC H2S 3L5

Canada

Founded in 1961

Phone:

514-274-3694

Fax:

514-274-4177

Key Executives for Moores Retail Group Inc.

Founder of The Men's Wearhouse Inc. and Chief Executive Officer of The Men's Wearhouse Inc
Age: 66
Compensation as of Fiscal Year 2015.

Moores Retail Group Inc. Key Developments

Moores Announces Unaudited Sales Results for the Third Quarter and Nine Months Ended September 30, 2015

Moores announced unaudited sales results for the third quarter and nine months ended September 30, 2015. Comparable sales for the third quarter decreased 18.7% to $55.9 million. Net sales decreased due to unfavorable currency fluctuations. Moores had a comparable sales decrease of 5.4% due to decreases in both average transactions per store and units sold per transaction driven by weakening macro-economic conditions in Canada.  For the nine months, comparable sales decreased 13.1% to $173.3 million.

Moores Announces Preliminary Comparable Sales Results for the Third Quarter and Year to Date of 2015

Moores announced preliminary comparable sales results for the third quarter and year to date of 2015. The company's comparable sales decreased 5.4% primarily driven by weakening macro-economic conditions in Canada. This compares 8.8% a year ago. For the year to date, the company reported negative comparable sales of 1.4% compared to comparable sales of 8.6% a year ago.

Moores Announces Unaudited Sales Results for the Fourth Quarter and Full Year Ended January 31, 2015

Moores announced unaudited sales results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported sales of $59.0 million, increased $0.5 million compared to a year ago. For the full year, the company reported sales of $258.3 million, increased $4.0 million compared to a year ago.

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