Men’s Wearhouse
Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank, filed for bankruptcy last summer. The COVID-19 epidemic affected men’s apparel company A. Bank hard, with approximately 500 stores closing “over time” as buyers shifted to remote employment and had less need for formalwear. Nonetheless, the company is steadily rebounding after filing for bankruptcy in August and exiting the last stages of the Chapter 11 proceedings in November.
Men’s Wearhouse
Chico’s
In 2019, this clothing retailer is going to accomplish precisely what it claimed it would do. It aims to close 250 stores over the next three years starting then. Chico’s plans to downsize its physical presence and restructure its operations and sales to focus on the internet, similar to many other corporations throughout the world.
Chico’s
