Men's Wearhouse Inc would be exploring a foolproof plan for its K&G brand which includes a move to repurchase additional shares amounting to $155 million. This movet will assure a twelve percent increase in its shareholdings in the brand by the end of the day trading. Clients' response to the new marketing campaign and promotions of K&G was not favorable according to Men's Wearhouse. This has resulted in a decline of 5.7% in same store sales in its first quarter ending 2^nd of February. The seller of on sale accessories and clothing from Rocawear, Calvin Klein and Kenneth Cole has maintained Jefferies & Co to help them in assessing their options for their operations.

According to Men's Wearhouse, 2012 quarterly loss went down to $3.4million or seven-cents per share loss from 2011's $3.8 million or seven-cents per share. Earnings went up by eight percent to $608.4 million. They lost about twenty five percent of their value in 2011, trading at $32.66 per share. On Wednesday, K&G's shares closed at $29.07 at the New York Stock Exchange.