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