Men's Wearhouse Explores Selling K&G Unit

By Eric Volkman – Mar 14, 2013 at 9:01PM

NYSE: TLRD

Tailored Brands Inc

The clothing retailer considers its options for K&G Superstores.

Men's Wearhouse (TLRD) is considering a divestment of its K&G Superstores discount unit. The company said it has hired investment bank Jefferies & Co. to help it "in evaluating strategic alternatives for our K&G operations."

At the end of February, Men's Wearhouse operated 97 K&G outlets, compared to 638 of its flagship stores. In fiscal 2012, the unit posted $365.9 million in net sales, or 15% of the company's total. It was, however, the only one of the firm's four business lines to see a decline in net sales in both the fiscal year, and in Q4.

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