Bulletin
Investor Alert

Market Pulse Archives

Aug. 2, 2020, 10:59 p.m. EDT

Men's Wearhouse, Jos. A. Banks parent Tailored Brands files for bankruptcy: report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tailored Brands Inc. (TLRD)

or Cancel Already have a watchlist? Log In

By Mike Murphy

TLRD

Menswear retailer Tailored Brands Inc. /zigman2/quotes/208073591/composite TLRD +2.09% , the parent company of Men's Wearhouse and Jos. A. Banks, filed for Chapter 11 bankruptcy protection Sunday, the Wall Street Journal reported . The clothier has been hit hard by pandemic-related store shutdowns, reporting last month that first-quarter sales were down 60%. Since July 1, Tailored Brands has missed missed interest payments on bonds, slashed its corporate workforce by 20%, announced plans to close up to 500 stores and was notified that it will be delisted by the New York Stock Exchange. The company operated more than 1,400 stores in the U.S. and Canada as of Feb. 1, and employed more than 1,900 people. Earlier in the day, fellow troubled retailer Lord & Taylor also filed for bankruptcy.

/zigman2/quotes/208073591/composite
US : U.S.: NYSE
$ 0.11
+0.0023 +2.09%
Volume: 373,124
Sept. 18, 2020 3:47p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$5.49 million
Rev. per Employee
$154,281
loading...

Get news alerts on Tailored Brands Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.