A Jos. A. Bank store window
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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…