The parent company of Men’s Wearhouse and Jos. A. Bank menswear stores said it will lay off 20% of its corporate staff as the Covid-19 pandemic saps demand for its chains’ apparel
The parent company of Men’s Wearhouse and Jos. A. Bank menswear stores said it is considering closing as many as 500 retail locations, or more than a third of its total, as it grapples with reduced demand during the Covid-19 pandemic.
Tailored Brands Inc. also said Tuesday it will lay off 20% of its corporate staff and reduce its supply-chain footprint. The company had 19,300 total employees, including 13,700 full-time staffers as of Feb. 1, according to regulatory filings.
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