Men’s Wearhouse
Last summer, Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank, announced that nearly 500 stories would be closed “over time.” As shoppers migrated to remote jobs and had less need for formalwear, the COVID-19 pandemic hit the men’s clothing retailer hard. Since filing for bankruptcy in August and completing the final stages of the Chapter 11 proceedings in November, the company is slowly recovering.
Chico’s
Chico’s is sticking to its newly announced plan to shutter 250 stores over the next three years, starting in 2019. Among several others, the women’s wear store is attempting to shift its focus to online business operations.