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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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