Men’s Wearhouse
Both Jos. A. Bank and Men’s Wearhouse are under Tailored Brands. In the previous summer, the parent company chose to shutter nearly 500 stores “over time.” You see, the COVID-19 pandemic did a number on the men’s clothing retailer since people no longer needed formalwear with the rise of remote jobs. Despite this, the company has been doing better after it declared bankruptcy last August. By November, it was already getting out of the final part of the Chapter 11 proceedings.
Men’s Wearhouse
Chico’s
This famous women’s wear retailer has recently announced that the closure of nearly 250 shops within three years starting in 2019. Among other things, Chico’s wants to focus on the e-commerce sector of the company instead of its physical operations. It is clear that this has since become a trend in business.
Chico’s
