Men’s Wearhouse Ends ‘Buy-One-Get-Three-Free’ Promotions to Turn Around Jos. A. Bank

Men’s Wearhouse executives said they didn’t know how “toxic” promotions — such as buy-one-get-three free — at its struggling Jos. A. Bank brand would be when they bought it, but they’ve got a plan to fix it. Heading into the purchase, Chief Executive Doug Ewert said Men’s Wearhouse had a history of turning around troubled brands and saw a strategic opportunity for market share growth. But they weren’t aware of the problems that lay ahead.