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Men’s Wearhouse owner Tailored Brands plans job cuts, store closures

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A Jos. A. Bank store window

Source: Getty Images

The parent company of Men’s Wearhouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic

Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 stores that it could close “over time.” It did not disclose locations. 

It also announced that CFO Jack Calandra will depart the company on July 31. In the near term, it said Calandra’s responsibilities will be divided between its CEO and Holly Etlin, a managing director at AlixPartners, who has been appointed…



Source cnbc.com

My father died from COVID-19, and left no will. My stepmother threatened to sell our family heirlooms — unless we sign over our claim to his estate. What can we do?

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