Getty/ Andrew Burton
- Tailored Brands, which owns the suit retailer Men's Wearhouse, filed for bankruptcy on Sunday amid the economic fallout from the COVID-19 crisis.
- The Houston, Texas-based retailer filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, according to a court filing.
- The retailer, which was already struggling with competition from fast-fashion brands and a shift to online shopping before the pandemic, said it will continue to build on its previously announced plans to reduce its corporate workforce by 20% and shutter as many as 500 stores.
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(Reuters) - Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis.
The retailer filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, according to a court filing.
See the rest of the story at Business Insider
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