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Tailored Brands to cut 20% of corporate jobs, could close 500 stores
2020-07-22 12:11:00| Daily apparel & textile news and comment - from just-style.com
Menswear retailer Tailored Brands Inc plans to reduce its corporate workforce by 20% and has identified up to 500 retail stores for potential closure as well as associated opportunities to reduce and realign its supply chain infrastructure.
Tags: close
jobs
stores
corporate
Tailored Brands could look to seek bankruptcy protection
2020-06-11 14:52:00| Daily apparel & textile news and comment - from just-style.com
Menswear retailer Tailored Brands Inc has said it may need to seek bankruptcy protection or discontinue operations if its business continues to be impacted by the Covid-19 crisis.
Tags: protection
brands
seek
bankruptcy
US Q1 in brief - The Children's Place, PVH Corp, Tailored Brands
2020-04-08 18:24:00| Daily apparel & textile news and comment - from just-style.com
In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Guess, Inc has widened its GAAP net loss, sales at Genesco were down by 44%, while those at Zumiez tumbled by more than a third. Elsewhere, Lands' End has widened its net loss, and Ross Stores has reported its first quarterly operating loss in more than 30 years.
Tags: brands
corp
tailored
pvh
Tailored Brands completes $115m sale of Joseph Abboud
2020-03-09 11:40:00| Daily apparel & textile news and comment - from just-style.com
Menswear retailer Tailored Brands Inc has closed the sale of the Joseph Abboud trademarks to WHP Global for US$115m.
Tags: sale
brands
joseph
tailored
US Q4 in brief - Guess, Tailored Brands, Lands' End
2020-01-31 13:29:00| Daily apparel & textile news and comment - from just-style.com
In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Guess CEO Carlos Alberini has hailed a "strong" performance, Lands' End has reported increases in both earnings and revenue, while fourth-quarter sales at The Children's Place have exceeded company expectations. Elsewhere, Genesco has posted flat net sales and Tilly's has booked its first negative comp quarter in over three and a half years.
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