Men's Wearhouse Reports No Significant Facility Damage From Hurricane Ike
HOUSTON, Sept. 16 /PRNewswire-FirstCall/ -- The Men's Wearhouse (NYSE: MW) today announced that it has not experienced any significant damage to its Houston area retail stores and distribution facilities due to Hurricane Ike. Although Houston-based distribution processes were temporarily impacted, chain wide requirements for tuxedo rental events and retail merchandise continue to be serviced as a result of adequate redundancy of capacity within its nationwide distribution network as well as adequate back-up power sources in the Houston distribution facilities. The re-opening of the Company's retail stores in the Houston area; Men's Wearhouse, K&G and MW Cleaners, is currently expected to be completed within a week.
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,287 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories and the MW Tux (formerly After Hours) stores carry a limited selection. Tuxedo rentals are available in the Men's Wearhouse, Moores and MW Tux stores.
This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including sensitivity to economic conditions and consumer confidence, possibility of limited ability to expand Men's Wearhouse stores, possibility that certain of our expansion strategies may present greater risks and other factors described in the Company's annual report on Form 10-K for the year ended February 2, 2008 and Form 10-Q for the quarter ended May 3, 2008.
For additional information on Men's Wearhouse, please visit the Company's website at http://www.tmw.com.
CONTACT: Neill Davis, EVP & CFO, Men's Wearhouse (281) 776-7200
Ken Dennard, DRG&E (713) 529-6600
SOURCE The Men's Wearhouse
Released September 16, 2008