Can Men's Wearhouse and Jos. A. Bank Make Nice?

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March 11 (Bloomberg) –- Men’s Wearhouse agreed to buy Jos. A. Bank Clothiers for about $1.8 billion in cash, ending a five-month takeover battle between the two menswear retailers. Poonam Goyal breaks down the transaction on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

Buy eddie bauer.

Kenny's two companies really make nice?

What is -- can these two companies really make nice?

The fighting was just to get the right price.

Men's wearhouse offered a bid in the low 60's a month ago.

Eddie bauer came into the picture.

They said they would be willing to go to $65 a share.

They are pulling back from the eddie bauer deal and men's wearhouse will go ahead and buy them for $65. there is not much happening for the consumer.

You are going to have men's wearhouse stores, you will have jos a. bank stores.

Will the culture change?

Will there be some shifts in the way they do business?

Possibly.

When you take out a competitor and you have them be a partner in your business to help grow it, it has to be a good thing.

Are there still -- is there still value in both of these brands?

Ask they are keeping the names as they are.

They're going to recognize it is all on the -- the consumer will not be able to tell.

American eagles showing more pain in that space.

Urban outfitters seeing continued struggles.

What did these guys need to do to turn things around?

The te ens need to start spending again.

If you think of yourself as a teenager, what has happened in the apparel space that has caused you to redo your whole wardrobe?

Very little.

I imagine that teenagers are pretty web savvy.

Same-store sales are down in the high single digits.

Web-based sales are up double digits.

Thank you so much.

We will be on the markets again

This text has been automatically generated. It may not be 100% accurate.

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