Covid-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores

Men’s Wearhouse and Jos. A. Bank will close up to 500 stores and lay off 20 percent of its corporate workforce, the California-based company has announced.

Pictured here: the Enfield Men's Wearhouse. Parent company Tailored Brands have announced a plan to close 500 Men's Wearhouses and Jos. A. Banks nationwide.
Photo Credit: *Google Maps street view*

Kristin Palpini

07/24/2020 10:30 a.m.

The company has not announced a timeline for closure.

The continuing negative economic impact of COVID-19 was largely blamed for the decision, according to corporate parent company Tailored Brands President Dinseh Lathi.

Following these changes, the company expects to pay about $6 million in severance pay and other termination costs.

Tailored Brands has an estimated 1,500 stores across all of its brands.

Click here to follow Daily Voice New City and receive free news updates.