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Jos. A. Bank sales plunge, sending Men’s Wearhouse into tailspin

Jos. A. Bank’s effort to scale back its famous discounts isn’t going well. Same-store sales at the menswear chain plunged almost 15 percent last quarter, a far worse decline than the company expected, and they’re forecast to tumble as much as 25 percent in the fourth quarter. The plummeting sales forced the retailer’s owner, Men’s Wearhouse ...

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