Men’s Wearhouse
Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank revealed last summer that it had selected close to 500 stories for closure “over time.” The COVID-19 pandemic struck the men’s clothing retailer hard as buyers moved to remote jobs and had less need for formalwear. Nevertheless, the corporation is steadily recovering after filing for bankruptcy in August and exiting the final phases of the Chapter 11 proceedings in November.
Chico’s
Chico’s is sticking to its recently stated intention to close 250 locations over the next three years, which began in 2019. The women’s wear store, among many others, is attempting to turn its emphasis to online sales and operations.