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Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce
CNBC ^

Posted on 07/21/2020 6:28:12 AM PDT by AggregateThreat

I guarantee it, shit has hit the fan!

The parent company of Men’s Warehouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic.

Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 of its stores that it could potentially close “over time.” It did not disclose a list of those exact locations.

It also announced that its current CFO, Jack Calandra, will depart the company on July 31. In the near term, it said Calandra’s responsibilities will be divided between its CEO and Holly Etlin, a managing director at AlixPartners who has been appointed to a new chief restructuring role for Tailored Brands.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: clothing; economy; georgezimmer; menswarehouse; menswearhouse; retail
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To: MinorityRepublican

you said when the vaccine is released in 2021. My guess is that if Trump is reelected then the vaccine won’t be released until 2024. the Rat’s want to keep everything shut down.


21 posted on 07/21/2020 8:09:18 AM PDT by ncfool (Impeachment: The Democrat campaign to re-elect Trump - Keep America Great 2020)
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To: ncfool

Okay, once again, repeat after me....

THERE MAY NEVER BE A VACCINE!
THERE MAY NEVER BE A VACCINE!
THERE MAY NEVER BE A VACCINE!!!!

People are acting like it’s a slam-dunk conclusion that there will be. It’s far from that. We’re likely going to have to gut it up and dive into herd immunity.


22 posted on 07/21/2020 9:18:54 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: Buckeye McFrog

Just because a vaccine does not work or is not safe does not mean that they won’t force one upon you.


23 posted on 07/21/2020 9:37:56 AM PDT by AggregateThreat
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To: AggregateThreat

I lost 70lbs, donated my dress clothes, I no longer own a Suit... I’m 100% Blue Jeans and Fishing Shirts ... I’d be hard pressed to find a shirt in my closet that is designed to be tucked in.
I’m sure there are a bunch a folks just like me (retired Boomers)


24 posted on 07/21/2020 1:22:08 PM PDT by TexasTransplant ( I am going back to work... permission or not)
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To: AggregateThreat

I just bought a suit, 2 shirts, 2 ties, shoes from the Mens Warehouse in my area. The best part of the experience was the help I got the second I entered the store. First class all the way. Pants were hemmed in the store while I waited too. And, that was just enough time for my wife to spend another $150 on a suit for my youngest son. My wallet was a lot lighter when I left the store but I was overall very happy with everything. I hope my store isn’t one of the one’s closing.


25 posted on 07/21/2020 4:13:57 PM PDT by Philsworld
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To: crusty old prospector

Owned by Chinese and Indians. Maybe they’ll go home?


26 posted on 07/21/2020 4:16:01 PM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman.)
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To: ClearCase_guy

The only people I see in suits are lawyers and politicians.


27 posted on 07/21/2020 4:18:22 PM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman.)
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To: AggregateThreat

They still exist? Can’t remember the last time I saw them advertised.


28 posted on 07/21/2020 4:20:25 PM PDT by discostu (Like a dog being shown a card trick)
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To: minnesota_bound

Zimmer was/is a big pothead who along with his rich friends was behind the medical marijuana initiative in CA back in the ‘90s.


29 posted on 07/21/2020 4:21:35 PM PDT by lodi90
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To: lodi90

No suit needed when working from home ...


30 posted on 07/21/2020 4:30:11 PM PDT by GulfMan
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To: GulfMan

It’s a double whammy for the garment industry: young guys don’t wear suits and Chicom flu.


31 posted on 07/21/2020 4:43:46 PM PDT by lodi90
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