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.” As shoppers migrated to remote jobs and had less need for formalwear, the COVID-19 pandemic hit the men’s clothing retailer hard. Since filing for bankruptcy in August and completing the final stages of the Chapter 11 proceedings in November, the company is slowly recovering.
Men’s Wearhouse
Chico’s
According to CEO George J. C. Becker, Chico’s has committed to making a real effort to complete a program to close 250 stores over the next three years and will seem consistent with that goal. One of the women’s clothing stores has gone in the direction of expanding its e-commerce activities, and sales in an effort to provide other outlets.
Chico’s