Macy’s Signs License Agreement with Men’s Wearhouse for In-Store Tuxedo Rental Shops
June 10 2015 - 5:30PM
Business Wire
Tuxedo rentals to be integrated into Macy’s
comprehensive wedding and special occasion capability
Macy’s, Inc. (NYSE:M) today announced that it has signed an
agreement with Men’s Wearhouse to open licensed tuxedo rental shops
within 300 Macy’s stores nationwide.
These Macy’s-branded shops will be operated by Men’s Wearhouse
and staffed by its trained formalwear professionals in dedicated
space located in or near the men’s department in Macy’s stores.
They will be fully integrated in Macy’s storewide wedding
experience, and support Millennial merchandising strategies related
to proms and other special occasions.
“Macy’s is better able than any other retailer to assist
customers with a broad range of needs related to special occasions,
and especially wedding couples, their families and friends at this
significant milestone period in life. Macy’s and Men’s Wearhouse
will work together to provide additional convenience and simplicity
for our customers while offering the latest trends in rental
tuxedos, including prestige designer brands and some styles
exclusive to Macy’s. The customer shopping experience will be
enhanced by Men’s Wearhouse’s specialized and expert service,” said
Tim Baxter, Macy’s chief merchandising officer. “We see weddings
and special occasions as strategic growth opportunities for Macy’s.
We are already well known for our wedding and gift registry, and we
continue to build our business in engagement and wedding rings,
wedding party suits and dresses, shoes, accessories, fashion
jewelry, gifts and other categories. Tuxedo rental is the next
element in building Macy’s special occasion capability.”
Plans call for the first 17 Macy’s Tuxedo Shops to open in fall
2015 in the New Jersey, San Francisco and Houston markets, with a
rollout to 300 stores by fall 2016. Macy’s and Men’s Wearhouse also
will collaborate to develop a digital tuxedo rental shop on
macys.com.
Macy’s Tuxedo Shops will be backed by the Men’s Wearhouse
reservation and group management system that allows customers to
easily make and manage reservations and track the status of rentals
by others in a wedding party.
Men’s Wearhouse will be the exclusive provider of tuxedo rentals
to Macy’s, although Macy’s will continue to sell tuxedos from its
own men’s assortment.
About Men’s Wearhouse
Founded in 1973, Men’s Wearhouse is one of North America's
largest specialty retailers of men's apparel with 1,758 stores. The
Men’s Wearhouse, Jos. A. Bank, Moores and K&G stores carry a
full selection of suits, sport coats, furnishings and accessories
in exclusive and non-exclusive merchandise brands and Men’s
Wearhouse and Tux stores carry a limited selection. Most K&G
stores carry a full selection of women’s apparel. Tuxedo rentals
are available in the Men’s Wearhouse, Jos. A. Bank, Moores and
Men’s Wearhouse and Tux stores. Additionally, Men’s Wearhouse
operates a global corporate apparel and workwear group consisting
of Twin Hill in the United States and Dimensions, Alexandra and
Yaffy in the United Kingdom.
About Macy’s
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2014 sales of
$28.105 billion. The company operates about 885 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and
Bluemercury, as well as the macys.com, bloomingdales.com and
bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al
Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom).
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version on businesswire.com: http://www.businesswire.com/news/home/20150610006344/en/
Macy’s, Inc.MediaJim Sluzewski, 513-579-7764orInvestorMatt
Stautberg, 513-579-7780
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