Zitat"Tailored Brands (TLRD), formerly known as Men's Wearhouse, has announced plans to close roughly 250 stores this year. That includes shuttering 80 or 90 full-price Jos A. Bank stores.
What's more, sales trends at that label deteriorated worsened in the fourth quarter, with the company adding that it expects weakness there to continue into 2016. Revenues at Jos. A. Bank have gotten whacked since the company ended its ubiquitous "Buy One Get Three free" promotion in October.
After reiterating Wednesday that the label's comparable sales dropped 31.9 percent during the fourth quarter (the company pre-announced its sales in February), management said it expects another mid-teens decline this year.
That would follow the 14.6 percent slide the brand posted in the third quarter."
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Thu Mar 10, 2016 2:39 pm (Last edited: Thu Mar 10, 2016 2:40 pm)
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Front Porch Punditry