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...
Sep. 14, 2021
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...
May 4, 2021
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...
Mar. 17, 2021
Men’s Wearhouse owner Tailored Brands has announced it expects to exit Chapter 11 bankruptcy by the end of November after winning approval for its reorganisation plan by the US Bankruptcy Court for the Southern District of Texas. The company filed for bankruptcy back in August after experiencing a significant hit from Covid-19. In July, the...
Nov. 16, 2020
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...
Aug. 3, 2020
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...
Jul. 21, 2020
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...
Jun. 11, 2020
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...
Apr. 1, 2020
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...
Mar. 26, 2020
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...
Mar. 19, 2020
Tailored Brands, Inc., has announced that in response to the coronavirus and to protect the health and safety of customers, employees and the communities it serves, will temporarily close retail locations in the U.S. and Canada starting March 17 through March 28, 2020. “The safety and well-being of our employees, our customers, and our...
Mar. 17, 2020
Tailored Brands, Inc. has announced the appointment of three executives reporting to Carrie Ask, Brand President, Men’s Wearhouse and Moores, to drive and advance execution of the brands’ growth strategies. The company said, joining the team are Mary Ann McGrath as Senior Vice President and Chief Marketing Officer, Jerry Brandehoff as Senior...
Aug. 7, 2019
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