Men’s Wearhouse
Last summer, Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank announced that over 500 stories will be closed “over time.” The COVID-19 pandemic wreaked havoc on the men’s clothing industry, as customers shifted to new jobs that required less formal attire. Since filing for bankruptcy in August and completing the last steps of the Chapter 11 process in November, the company has been slowly recovering.
Men’s Wearhouse
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Chico’s
According to CEO George J. C. Becker, Chico’s has committed to making a sincere effort to close 250 sites over the next three years and appears to be on schedule to reach that goal. One of the women’s fashion stores has increased its e-commerce activity and sales in order to provide more channels.
Chico’s
