Report
Tailored Brands Inc
6380 Rogerdale Rd
Phone: (281) 776-7000p:281 776-7000 Houston, TX  77072-1646  United States
This company ceased filing statements with the SEC on 12/2/2020.
This company is no longer actively traded on any major stock exchange.

Business News: Bankrupt Owner of Jos. A. Bank, Men's Wearhouse Goes Casual


The parent company of the Men's Wearhouse and Jos. A. Bank menswear brands entered bankruptcy hoping to turn around the nearly half-century-old business in the midst of the Covid-19 pandemic by slashing at least $630 million in debt while pivoting to casual wear from business clothing.

Retailer Tailored Brands Inc. filed for chapter 11 bankruptcy protection Sunday after revenue declined by about 5.6% over the past two fiscal years ending in February, despite a dominant position in the menswear market.

The Fremont, Calif., company said in court papers it wants to speed up plans to mix its products as sales of tailored clothing decrease. It intends to focus more on its selection of polished casual clothing, including sport coats, pants, dress shirts and sportswear.

Roughly 20% of corporate staff could lose their jobs and as many as 500 of the company's 1,400 retail stores in the U.S. and Canada could close as Tailored Brands focuses on its e-commerce business.


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