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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 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...

Business

Tailored Brands to shutter retail stores in the US and Canada

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...