As representatives keep on dressing all the more coolly as they work from home due to the coronavirus pandemic, the proprietor of suit dealers Men’s Wearhouse and Jos A. Bank petitioned for Chapter 11 bankruptcy on Sunday.
Custom fitted Brands, which likewise claims Moores Clothing for Men and K&G Fashion Superstore, as of late declared to shut down up to 500 stores and cut around 20% of its corporate occupations due to the money related damage done by the pandemic.
As of February, the organization said that they have 19,300 workers, with 1,274 stores in the U.S. furthermore, 125 more in Canada.
The organization is a long way from the main clothing brand to seek financial protection in the course of the most recent couple of months, as other shopping center staples like Brooks Brothers, J.C. Penney, Neiman Marcus and J. Crew have all confronted comparable challenges.
Also, though they haven’t sought financial protection, retailers like Victoria’s Secret; Nordstrom; and the organization that possesses Kay, Zales and Jared Jewelers have every single reported arrangement to shade a portion of their areas.