Men's Wearhouse blames women for slow sales
The company's CEO says superstitious brides dragged down the clothing chain's numbers. Last quarter's earnings report suggests otherwise.
A dude can't even badmouth suffrage, pop his collar and view the world through privilege-colored aviators without a bunch of women jumping all over his case. They've been thinking differently than guys since grade school and have been eroding the masculinity of poor, insecure brohams for generations.
Now they won't even let you buy a decent suit or tux. Men's Wearhouse (MW) chief executive Doug Ewert knows his company's net income fell 28% in the second quarter, but isn't ready to blame an early Easter that pushed prom tuxedo rentals earlier than usual or the company's swift and unexpected canning of founder and commercial figurehead George Zimmer in June.
No, the true obstacles to menswear dominance are feeble, superstitious ladybrains and the power-wielding harpies using them. Let's hear from Ewert for more:
"We believe that the number 13 in 2013 is causing a small, but meaningful number of brides to avoid getting married this year," Ewert said on a call with analysts Thursday, according to The Wall Street Journal.
Read that again. That's a real explanation that a grown man in charge of a publicly traded company gave to analysts trying to determine the strength and stability of his business. What leads a person occupying a company's most powerful position to make that claim?
Maybe it's the long-held heartache of seeing his mother permanently paralyzed after he stepped on a crack on the way to grade school. Maybe it's the black cat that, before crossing his path, told him that people would never take him seriously as long as they believed that nice guy with the beard in the commercials was running the company. Maybe he did the same Google search The Wall Street Journal did and came up with the one article featuring a woman who outright refused to get married in 2013, but tied the knot in 2012.
Either way, the source of Men's Wearhouse's woes is obviously those darned dames. After all, with female doctors making $56,000 less than their male counterparts for doing the same jobs, the rest of the female workforce essentially working 59 days a year for free and no real chance of the gender pay gap shrinking until 2056, it's clear that women have the male professional world right where they want it. It's only a matter of time until suits disappear entirely and men are forced to dress according to whatever fickle little whim their female overlords are following on any given day.
How corporate earnings calls devolved into the premise for a bad '80s battle-of-the-sexes sitcom, however, is somewhat less apparent.
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Many grooms are opting for no tux/no suit...just shirt and tie. Perhaps Mr Ewert should look at wedding trends, as it is a significant portion of the business they are paying him quite a lot to run.
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This morning, the market was provided a basis to rebound with the July employment report, which was just right for the policy doves (209K versus Briefing.com consensus 220K). It showed payroll growth that was weaker than expected, ... More
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