Men’s Wearhouse
Last summer, Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank announced that nearly 500 stories would be closed “over time.” As buyers moved to remote jobs and had less need for formalwear, the COVID-19 pandemic hit the men’s clothing retailer hard. Nonetheless, after filing for bankruptcy in August and exiting the final stages of the Chapter 11 proceedings in November, the company is steadily recovering.
Men’s Wearhouse
Chico’s
This clothing retailer is going to do exactly what it said it was going to do in 2019. Starting then, it plans to close 250 stores over the course of three years. Like many other companies around the world, Chico’s is planning to reduce its physical presence and restructure its operations and sales to focus on the internet.
Chico’s
