Men’s Wearhouse
The parent company of Men’s Wearhouse and Jos. A. Bank, Tailored Brands, stated last summer that almost 500 stories will be closed “over time.” The COVID-19 pandemic affected the men’s apparel retailer hard as buyers relocated to remote work and had less need for formalwear. Nonetheless, the company is steadily rebounding after filing for bankruptcy in August and exiting the last stages of the Chapter 11 proceedings in November.
Men’s Wearhouse
Chico’s
This year, the clothing retailer will accomplish precisely what it claimed in 2019 that it would do. It aims to close 250 stores over the next three years starting then. Chico’s plans to downsize its physical presence and restructure its operations and sales to focus on the internet, similar to many other corporations throughout the world.
Chico’s