Doug Ewert, Men's Wearhouse chief executive officer, commented, "We continue to be pleased with the robust earnings performance of our legacy brands. Fueling this performance in the fourth quarter are comparable sales increases of 6.8% at Men's Wearhouse, 8.6% at Moores and 6.8% at K&G. And while Jos. A. Bank's comparable sales were negative 6.6%, they were above our expectations." Ewert added, "We are extremely proud of the work done to date to incorporate Jos. A. Bank. We have made significant progress on integrating Jos. A. Bank into the infrastructure of Men's Wearhouse and have developed a robust process around synergy identification and realization. In the nine months since the acquisition, Jos. A. Bank has transitioned many of the back office functions, began store training programs, began the work to instill its employees with the Men's Wearhouse culture, and launched tuxedo rental in all its Jos. A. Bank locations. All of this progress was made while exceeding our initial synergy run-rate target of $15 million as we ended the year with run-rate synergies of $35 million.
The Federal Trade Commission will hold a workshop examining privacy issues raised by tracking consumers across devices for ad purposes, the agency said on Tuesday.
“With the advent of new tracking methods, though, it’s important to ensure that consumers’ privacy remains protected as businesses seek to target them across multiple devices,” FTC consumer protection head Jessica Rich said in a statement.
The agency noted that ad companies are turning to tracking technologies other than cookies, which only track people’s activity on one particular device. Cross-device tracking techniques, by contrast, aim to glean information about people’s Web activity across not only desktops or laptops, but also smartphones, tablets and wearable devices.
“A cookie may not provide a complete picture of a consumer who uses different web browsers at home, at work and on their mobile device,” the FTC said.
Given the limitations of cookies, ad companies are exploring other strategies aimed at linking users’ behavior across devices. But companies are often deploying these techniques “without the consumers’ awareness or control,” according to the FTC.
The FTC is seeking public comment on a host of questions, including how ad companies are approaching cross-device tracking, whether the techniques pose any privacy risks, how companies can give consumers more control over cross-device tracking techniques, and whether the current industry self-regulatory programs apply to different cross-device tracking techniques.
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