Inactive Instrument

Tailored Brands, Inc.

Equities

TLRDQ

US87403A1079

Apparel & Accessories Retailers

Tailored Brands : Men's Wearhouse shuttering stores, slashing workforce

July 22, 2020 at 10:51 am

Tailored Brands, which owns Men's Wearhouse, will cut 20% of its corporate workforce and is considering closing up to 500 of the 1,450 Men's Wearhouse locations.

The layoffs will take place by the end of the second quarter, according to a CNBC report.

"Unfortunately, due to the COVID-19 pandemic and its significant impact on our business, further actions are needed to help us strengthen our financial position so we can navigate our current realities," Tailored Brands President and CEO Dinesh Lathi told the news outlet.

The company also announced that its CFO, Jack Calandra, is leaving at the end of July.

Latest news about Tailored Brands, Inc.

WHP Global and Tailored Brands, Inc. Extend and Expand Partnership for Joseph Abboud Fashion Brand	05-14	CI
Tailored Brands, Inc. Appoints Yen D. Chu as Its Executive Vice President and Chief Legal Officer and Corporate Secretary, Effective December 26, 2022	22-12-21	CI
Tailored Brands, Inc. Announces Executive Changes	22-03-16	CI
Tailored Brands Appoints Brandy Richardson as Chief Financial Officer	21-10-19	CI
Tailored Brands, Inc. Appoints Scott Vifquain as Executive Vice President and Chief Technology Officer	21-09-13	CI
Tailored Brands, Inc. Announces Executive Appointments	21-05-03	CI
Tailored Brands, Inc. Announces Dinesh Lathi to Step Down from His Role as President, Effective March 26	21-03-16	CI
Tailored Brands, Inc. Announces Executive Changes	21-03-16	CI
Tailored Brands, Inc. announced that it has received $75 million in funding	21-03-04	CI
Men’s Wearhouse Unveils Next-Gen Stores	21-02-04	CI
Tailored Brands, Inc. Announces Board Changes	20-12-02	CI
Factbox: Retail casualties of the coronavirus pandemic	20-12-01	RE
Tailored Brands, Inc. Emerged from Bankruptcy	20-11-30	CI
Factbox: Retail casualties of the coronavirus pandemic	20-11-30	RE
Fifth Amended Joint Reorganization Plan Filed by Tailored Brands, Inc.	20-11-13	CI
Modified Fifth Amended Joint Reorganization Plan Approved for Tailored Brands, Inc.	20-11-13	CI
Motion for Asset Sale Approved for Tailored Brands, Inc.	20-10-23	CI
Third Amended Disclosure Statement Approved for Tailored Brands, Inc.	20-10-09	CI
Fourth Amended Joint Reorganization Plan and Disclosure Statement Filed by Tailored Brands, Inc.	20-10-09	CI
Second Amended Joint Reorganization Plan and Disclosure Statement Filed by Tailored Brands, Inc.	20-10-08	CI
Third Amended Joint Reorganization Plan and Disclosure Statement Filed by Tailored Brands, Inc.	20-10-08	CI
Motion for Asset Sale Filed by Tailored Brands, Inc.	20-09-30	CI
U.S. Retail Bankruptcies, Store Closures Hit Record in First Half -- Update	20-09-29	DJ
First Amended Joint Reorganization Plan and Disclosure Statement Filed by Tailored Brands, Inc.	20-09-25	CI
Final DIP Financing Approved for Tailored Brands, Inc.	20-09-02	CI

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Company Profile

Tailored Brands, Inc. is a holding company of The Men's Wearhouse, Inc. The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through its Retail segment. The Retail segment includes four retail merchandising brands: Men's Wearhouse/Men's Wearhouse and Tux, Jos. A. Bank, Moores, and K&G. Specialty apparel merchandise offered by its retail merchandising concepts include suits, suit separates, sport coats, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men. Women's career apparel, sportswear and accessories, such as shoes and children's apparel are offered at its K&G stores.

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Apparel & Accessories Retailers

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