Around the Net
Jos. A. Bank Closing Hundreds Of Stores As Sales Plunge
- Chicago Tribune, Friday, March 11, 2016 8 AM
The struggling men's clothing chain halted its often-mocked "buy one, get three free" promotion strategy late last year, but the bleeding continues. Consequently, its parent company, Tailored Brands, which also owns Men's Wearhouse and suit brand Joseph Abboud, is closing hundreds of stores and working to develop a new business model as sales plunged 31.7% last year at Jos. A Bank alone.
