Jos. A. Bank's turnaround plan showing results

The two different approaches to selling men's clothing gave the newly formed company a rocky start.

Jos. A. Bank is showing signs of rebound sooner than expected since its sales took a dive following its $1.5 billion merger with Men's Wearhouse. The two different approaches to selling men's clothing gave the newly formed company a rocky start, as Jos. A. Bank dropped its widely acclaimed, deep promotions on suit sales. Despite sales falling 9.8% last quarter, same-store sales are expected to grow by mid- to high single digits in Q4. (Bloomberg)