Men’s Wearhouse Offer Turns Tables on Jos. A. Bank

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Nov. 26 (Bloomberg) -- Milton Pedraza, founder & CEO at The Luxury Institute, weighs the possibility of a combination of Men’s Wearhouse and Jos. A. Bank and discusses the profit beat at Tiffany as the luxury jeweler benefitted from higher prices. He speaks on Bloomberg Television’s “In The Loop.”

The markets to service the bottom 80% of the country.

Therefore, you require consolidation to be competitive.

Sort of like sears and kmart getting together.

I am not sure if it will be successful.

I would like to see what each brand could do on its own.

I would like to know there is critical savings.

When you mention bifurcation, it seems like it is a clear trend.

It seems as if the luxury retailers are outperforming and the retailer serving america's middle class are suffering.

The dollar store is doing well.

The top 20% are doing extremely well, highly educated.

They have lots of net worth because assets are growing.

So they continue to buy extremely highly across the world.

The bottom 80% are suffering.

That is what you see.

With more on the bifurcation, i want to bring in olivia sterns.

Today we are seeing they are driving sales.

Speaking of the bifurcation, some might call it a fargo, a all year long they have been lashing out on the big gems, diamonds, but it is in the under 500 category that have not been selling well.

Calm store sales in america are up one percent.

There is a lot here to like.

-- comp store sales in america are up one percent.

Tiffany's benefiting on both sides of the coin.

On the one hand they see falling commodity prices.

Prices for gold, silver, platinum all coming down this year.

Prices for diamonds have been falling.

At the same time, tiffany's decided to raise prices.

The combination of falling commodity prices and raising their own prices have in helping tiffany's. certainly a stock that is benefiting from the so-called wealth effect.


You very much.

Olivia sterns joining us with tiffany's, the results.

-- thank you very much.

Milton, you have advised tiffany's in the past.

It is the under 500 category at least driving the traffic.

Does that make sense?


I think that tiffany's is exceptional.

You cannot draw conclusions from tiffany's about the rest of the luxury industry.

They are exceptional.

I think the asian outperformance is still the driver.

In the u.s., more modest gains.

It essentially flat.

You do see tiffany strong on both ends of the markets, high- end and low-end.

They are exceptional in that way.

Rex ceo and founder of the luxury institute.

Back in a few minutes with more "in the loop."

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


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