Jos. A. Bank, Men's Wearhouse parent Tailored Brands to close hundreds of stores

[mahatmakanejeeves]

Source: WUSA, channel 9 in DC

Jos. A. Bank, Men's Wearhouse parent Tailored Brands to close hundreds of stores
The men's apparel brand suggested in a statement that they aren't sure if the company's situation will improve or worsen at this time.

Author: TEGNA
Published: 1:41 PM EDT July 22, 2020
Updated: 1:41 PM EDT July 22, 2020

WASHINGTON — Tailored Brands, the parent company of popular men's apparel retailers like Men's Wearhouse and Jos. A. Bank, announced on Tuesday that the company has "identified up to 500 stores for closure over time" amid the coronavirus pandemic.

The company's CEO says most of its stores have reopened, but that COVID-19's impact on business has made it close the hundreds of others and also lay off about 20% of its positions.

According to Tailored Brands, the cost savings for the company of these closures hasn't been calculated or released at this time. The company says they will share additional information with employees who will be affected as "decisions are made."

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Read more: https://www.wusa9.com/article/news/health/coronavirus/tailored-brands-store-closures/507-d642ca86-67b7-4503-ac7f-ffc56e95108e

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Last week, it was Brooks Brothers. Now this.

[dem4decades]

1. They have nice sports coats but who's wearing those anymore?

My son used to wear JA Bank to work, now his office is in his bedroom.

I used to wear one when we went to the casino, not going there anymore.

[Wellstone ruled]

2. Well,another

do not know what we are doing,goes the way of the "doo doo Birds". The former owner of Men's Warehouse predicted this to happen.

[Auggie]

4. He guaranteed it, I believe ...

[Wellstone ruled]

7. Ron was the real deal.

Banks,not so real.

[Auggie]

12. George Zimmer, founder, used the line "I guarantee it" in all his ads

As creative commercials they weren't all that great, though Zimmer sounded 100% authentic. And that's what really counts. I bought a lot of clothes from them over the years. Brooks Brothers too.

[Wellstone ruled]

13. Never had a bad fitting Suit from

Men's. Always a fair price and nothing Cheaply made.

[truthisfreedom]

3. Zoom Zoom! Nobody wears pants.

[Dyedinthewoolliberal]

5. I'm gonna need a suit.

This might be a good time to buy!

[Sherman A1]

6. Sad to see

But, hardly a surprise.

[NurseJackie]

8. How much of their business is wedding tux rentals?

[bucolic_frolic]

9. America is adjusting its lifestyle, and it will live on less

No way the old consumption levels will return for the 47%. We're working at home, driving less, have closets full of clothes and household items. The road back will be a long one. All the debt made us vulnerable to crises, and they are solving it to the extent they can with more red ink at the federal level. Other levels of government are in the red. We are so cooked.

[ffr]

10. We're all working from home in our sweats, T-shirts and underwear.

Who needs a suit?

[Sedona]

11. I worked in my jammies until 1pm today

Realtor working from home. Don't tell my clients