Men’s Wearhouse, Inc. (NYSE:MW) shares decline by 0.05%

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The share prices of The Men’s Wearhouse, Inc. (NYSE:MW) is down by 0.05 percent and currently trading at $37.11 per share. The shares of the company is trading in the range of $36.96 to $37.98 per during the day, which is pushing the company to hit new peaks. The shares The Men’s Wearhouse, Inc. (NYSE:MW) had a market capitalization of $1.88 billion. The stock opened at $37.55 per share. The share price does not make a change in the 52 week low value $25.97 per share and 52 week high value $38.59 per share.

This company is a delivery of tuxedo rental product in the United States and Canada and a specialty retailer of men’s suits. Totally 2,332 stores are operated by the company out of which Canada having 117 stores, United States having 1,049 stores and 1,166 are retail stores during January 2012.  Moores Clothing is the brand names which are held in 10 provinces are operated by the Canadian stores.  Retail and corporate apparel are the two segments which are operated by the company. The Company opened 1,192 and closed 25 stores during January 2012. Men’s Wearhouse and Tux having 343 stores, K&G having 99 stores in 49 states, Men’s Wearhouse having 607 stores are the brand names which are operated by the United States retail stores.

George Zimmer is a founder and executive chairman and Doug Ewert is the CEO of this company. The Men’s Wearhouse board suddenly fired Zimmer from the chairman’s job, even though its share price had increased to 50 percent. The company had an institutional investor’s shareholdings as 97 percent. The Men’s Wearhouse, Inc. (NYSE:MW) has been having a trading volume as 1.22 million and average volume as 608,920 per day on Tuesday. The company presently holds 50.82 million shares outstanding in the market.

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