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Actionable news in MW: THE MEN'S WEARHOUSE Inc,

Men's Wearhouse cuts earnings forecast

Men's Wearhouse Inc. warned its earnings for the latest period will fall well short of its earlier estimates thanks to the transition away from the buy-one-get-three promotional events at its Jos. A. Bank division.

Shares plunged 28% to $29 in after-hours trading.

The men's clothing retailer took over its main rival last year in a $1.8 billion deal, after six months of wrangling between the suit sellers.

The company had said it intended to overhaul its marketing strategy and had admitted its promotions weren't working as there wasn't demand from men wanting to buy four suits...


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