The menswear store's parent company, Tailored Brands, will shutter 250 stores over the course of 2016, the company announced in a release.
100 to 110 of the stores will be Men's Wearhouse tux stores. It will shutter all of its Jos. A Bank and Men's Wearhouse outlet stores, and 80-90 will be Jos. A Bank stores.
Comparable sales for Jos. A Bank were down an alarming 31.9% for the fourth quarter of fiscal 2015. Comparable sales fell 16.4% in fiscal 2015.
Men's Wearhouse acquired Jos. A Bank in 2014 for $1.8 billion, and it's been rough for the retailer ever since.
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The menswear store's parent company, Tailored Brands, will shutter 250 stores over the course of 2016, the company announced in a release.
100 to 110 of the stores will be Men's Wearhouse tux stores. It will shutter all of its Jos. A Bank and Men's Wearhouse outlet stores, and 80-90 will be Jos. A Bank stores.
Comparable sales for Jos. A Bank were down an alarming 31.9% for the fourth quarter of fiscal 2015. Comparable sales fell 16.4% in fiscal 2015.
Men's Wearhouse acquired Jos. A Bank in 2014 for $1.8 billion, and it's been rough for the retailer ever since.
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