Jos A Bank news and archive

Whit Alexander joins Tailored Brands as EVP and chief customer officer

Men's apparel retailer Tailored Brands has named Whit Alexander as its new executive vice president and chief customer officer, effective February 24, 2025. The company said Alexander's deep expertise in omnichannel retail, spanning consumer analytics, performance marketing, and brand strategy, will be a valuable asset to the parent company of...

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Bob Hull and Peter Sachse to continue as Tailored Brands co-CEOs

Tailored Brands, Inc. has announced that board members Bob Hull and Peter Sachse will continue as co-CEOs moving forward to provide continuity to the organisation. The company said in a release that Hull and Sachse were both appointed as interim co-CEOs and joined the company’s board on March 16, 2021. Since that time, they have solidified a...

People

Tailored Brands names Brandy Richardson as its new CFO

Tailored Brands, Inc. has announced the appointment of Brandy Richardson as its chief financial officer (CFO), effective November 8, 2021. Richardson, the company said, joins Tailored Brands with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process...

People

Tailored Brands names Scott Vifquain as chief technology officer

Tailored Brands, Inc. has announced the appointment of Scott Vifquain as its executive vice president and chief technology officer (CTO). Vifquain, the company said, joins Tailored Brands with extensive technology and retail experience as well as a proven track record of transforming business operations and identifying and introducing...

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Tailored Brands ropes in three new senior retail executives

Tailored Brands, Inc. has announced the appointment of three retail veterans to its leadership team. The company said, John Tighe has been appointed executive vice president (EVP) and chief customer officer, Karla Gray has assumed the role of EVP and chief stores officer and Tim Cooksey has joined the organization as SVP of real estate. “We are...

People

Tailored Brands CEO Dinesh Lathi to step down

Tailored Brands, Inc. has announced that Dinesh Lathi will step down from his role as president and chief executive officer, effective March 26. The company said in a statement that board members Bob Hull and Peter Sachse will act as Interim Co-CEOs while the board searches for a permanent successor. “It has been my pleasure to work as part of...

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Tailored Brands files for bankruptcy

Tailored Brands, Inc., parent company of Men’s Wearhouse and Jos. A. Bank, has entered into a restructuring support agreement (RSA) with more than 75 percent of its senior lenders. The company said in a statement that to implement the terms of the RSA, the company has filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for...

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Tailored Brands to reduce workforce, close around 500 stores

Tailored Brands, Inc. is implementing a series of operating and organizational changes due to the unprecedented and industry-wide business disruptions resulting from the coronavirus pandemic. The actions include elimination of approximately 20 percent of its corporate positions by the end of the fiscal second quarter and closure of around 500...

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Tailored Brands Q1 sales decline by 60.4 percent

Tailored Brands, Inc. reported total retail comparable sales up 2.4 percent and all brands positive in February, however, the company said, in response to the Covid-19 pandemic, on March 17, Tailored Brands closed all stores and on March 20 it closed all e-commerce fulfilment centres in the U.S. and Canada. The company’s e-commerce fulfilment...

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Tailored Brands reopens ecommerce fulfilment centres, to donate 50,000 face masks

Tailored Brands, Inc. has reopened its ecommerce fulfilment centres effective March 30 and these centres have begun shipping online orders. The company also announced that its factory in New Bedford, Massachusetts, in conjunction with a leading privately held manufacturer and distributor of medical supplies, will begin the production of cotton...

Fashion

Tailored Brands furloughs all US store employees

Tailored Brands, Inc. has decided to extend the temporary closure of its retail stores until at least May 4, 2020. In conjunction with the decision to extend the store closure window, Tailored Brands announced it would implement additional cost reductions, including furloughing all U.S. store employees as well as a significant portion of...

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Tailored Brands reports Q4 loss, sales drop 5.3 percent

Tailored Brands, Inc. for the fourth quarter reported GAAP net loss of 38.6 million dollars compared to net earnings of 3.8 million dollars last year, while diluted loss per share was 80 cents compared to diluted EPS of 8 cents last year. On an adjusted basis, net loss was 22.5 million dollars compared to net loss of 17 million dollars last...