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Tailored Brands Will Cut Up to 500 Stores and 20% of Corporate Jobs

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Dogged by bankruptcy speculation, Men’s Wearhouse parent Tailored Brands is hoping to stave off total collapse by slashing 20 percent of corporate jobs and closing as many as 500 stores in a sweeping restructuring. On Tuesday, Tailored said it will finalize layoffs by the close of its fiscal second quarter, though it declined to offer…

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