Added: Darnella Prendergast - Date: 21.08.2021 20:14 - Views: 20533 - Clicks: 4101
The parent company of suit sellers Men's Wearhouse and Jos. Bank filed for Chapter 11 bankruptcy protection Sunday after announcing plans to permanently close up to stores. Business wear companies have been devastated by the trend toward more casual wear during the COVID pandemic, which has relegated millions of Americans to work from home. Tailored Brands, owner of the two chains, had about 19, employees as of Feb.
The company has 1, stores in the USA and stores in Canada, according to a court filing.
A list of total store closures was not immediately available. Up to store closings planned: Men's Wearhouse, Jos. Bank owner Tailored Brands plans closures. The company said it "will continue to provide customers with the selection, convenience, service and value that help people look and feel their best in the moments that matter, while continuing to prioritize the safety and well-being of employees and customers. Penney, Neiman Marcus and J. Other retailers that haven't filed for bankruptcy plan to shutter locations, including Victoria's Secret, Nordstrom and et Jewelers, parent company of Kay, Zales and Jared.
More than six years ago, Men's Wearhouse acquired Jos. Bank Clothiers.
Inthe company announced the creation of Tailored Brands as a publicly traded holding company for the chains. Here is the list of the first stores expected to close, including Jos. Bank, Men's Wearhouse and Moores locations, according to a court filing:.
Facebook Twitter. Men's Wearhouse, Jos. Bank owner Tailored Brands files Chapter 11 bankruptcy amid store closings: See the list. Show Caption.
Hide Caption. Consumers are scared to go out and retailers are floundering.
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