Retailer enters high-end business clothing venture
Retail company Jos. A. Bank Clothiers Inc or JOSB is about to enter a high-end business clothing which involves tuxedo-rental among others. The company will be setting up a test launch in about 5 percent of its stores starting this month. The major rollout will be made to more than half of its entire store locations later this year.
Company Chief Executive and President R. Neal Black said that there’s a limited availability of this service in the market. He said that they have been the top-performing company when it comes to the sales of tuxedos but this time they are taking another one step further in their operations by giving more people the opportunity to wear their clothes.
He revealed that tuxedo rentals are expected to aid in increasing revenues in most of its stores.
Aside from this latest development, JOSB is planning to increase its number of stores later this year.