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Men’s Wearhouse, Jos. A. Bank owner Tailored Brands files Chapter 11 bankruptcy amid store closings: See the list – USA TODAY


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The parent company of suit sellers Men’s Wearhouse and Jos. A. Bank filed for Chapter 11 bankruptcy protection Sunday after announcing plans to permanently close up to 500 stores.
Business wear companies have been devastated by the trend toward more casual wear during the COVID-19 pandemic, which has relegated millions of Americans to work from home.
Tailored Brands, owner of the two chains, had about 19,300 employees as of Feb. 1, according to a public filing. The company has 1,274 stores in the USA and 125 stores in Canada, according to a court filing.
The company announced in July that it would close up to 500 stores “over time” and cut about 20% of its corporate jobs. A list of total store closures was not immediately available.
The Men’s Wearhouse flagship store in Manhattan. Men’s Wearhouse is trying to court younger customers with the acquisition of American suit company Joseph Abboud.
 (Photo: Brad Kaye)
Tailored Brands said it secured support with more than 75% of its senior lenders for a $630 million debt restructuring plan that would allow it to survive bankruptcy.
In addition to Mens Wearhouse and Jos A. Bank, Tailored Brands owns Moores Clothing for Men and K&G Fashion Superstore.
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The company said it “will continue to provide customers with the selection, convenience, service and value that help people look and feel their best in the moments that matter, while continuing to prioritize the safety and well-being of employees and customers.”
The company’s filing is the latest in a surge of Chapter 11 bankruptcies by apparel retailers during COVID-19, including Brooks Brothers, J.C. Penney, Neiman Marcus and J. Crew.
Other retailers that haven’t filed for bankruptcy plan to shutter locations, including Victoria’s Secret, Nordstrom and Signet Jewelers, parent company of Kay, Zales and Jared.
More than six years ago, Men’s Wearhouse acquired Jos. A. Bank Clothiers. In 2016, the company announced the creation of Tailored Brands as a publicly traded holding company for the chains.
Here is the list of the first 100 stores expected to close, including Jos. A. Bank, Men’s Wearhouse and Moores locations, according to a court filing:
Jos. A. Bank store closings list
California
Colorado
Connecticut
District of Columbia
Florida
Georgia
Illinois
Louisiana
Lafayette: 1900 Kaliste Saloom Rd. Suite 200
Maryland
Massachusetts
Minnesota
Roseville: 805 Rosedale Ctr. Suite 905
Nebraska
Lincoln: 6005 O St. Suite H
New Jersey
Summit: 447 Springfield Ave. 
New York
Oregon
Portland: 9611 SW Washington Square Rd.
Pennsylvania
Philadelphia: 8400 Germantown Ave. Suite 3
Tennessee
Texas
Virginia
Dulles: 21100 Dulles Town Cir. Suite 125
Men’s Wearhouse store closings list
California
Connecticut
Westport: 950 Post Rd. E
Florida
Kansas
Lenexa: 9320 Marshall Dr.
Illinois
Kentucky
Paducah: 5101 Hinkleville Rd. Suite 530
Maryland
Towson: 825 Dulaney Valley Rd. Suite 4340
Massachusetts
New York
North Carolina
Oregon
Beaverton: 11915 SW Canyon Rd. Suite A
Pennsylvania
Rhode Island
Warwick: 685 Bald Hill Rd.
Tennessee
Collierville: 10210 Collierville Rd. Suite 101
Texas
Virginia
Richmond: 9101 W. Broad St.
Moores store closings list
Quebec
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
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Source : https://www.usatoday.com/story/money/2020/08/03/mens-wearhouse-jos-a-bank-store-closings-tailored-brands-bankruptcy/5571035002/

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