The promotion was a famous marketing strategy that the retailer officially discontinued in late 2015 to refocus on a more sustainable pricing model and improve its brand image.
: The deal became so ubiquitous that it was famously parodied on Saturday Night Live , where the suits were used as disposable "paper towels" because they were so cheap under the promotion. jos a banks buy one get three
The strategy worked by setting high initial "list prices" (e.g., $1,000 for a suit) and then offering extreme discounts, effectively selling the items at their actual market value (e.g., $250 each) while creating a perception of massive savings. Key Details About the Promotion The promotion was a famous marketing strategy that
: The company ended the "buy 1, get 3" and "buy 1, get 2" deals after being acquired by Tailored Brands (parent company of Men's Wearhouse). Key Details About the Promotion : The company