Find in the news:
BY COUNTRY

The rejection of businesswear has put fashion brands on the verge of bankruptcy



The sharp decline in consumer interest in office clothes has caused difficulties for a number of brands.
Brooks Brothers businesswear

Thus, Tailored Brands, a company that owns brands such as Men's Wearhouse and Jos. A. Bank, is considering filing for bankruptcy. This would allow it to continue its operations by restructuring and removing some of its weaknesses.

The reason for the potential bankruptcy lies in a significant decrease in consumer interest in business suits - office workers who wear suits began working from home and events such as weddings have been postponed. However, sales of this type of clothing began to fall even before the pandemic, which led to the emergence of almost a billion dollars in debt to Tailored Brands.

A representative for Tailored Brands refused to talk to journalists, saying that "in accordance with the company's policy, it will not comment on market rumors or speculation."

Other retailers, whose range of products also included office clothes, were also affected. For example, sales of suits and dresses under the Banana Republic brand owned by Gap Inc. In this case, the situation was aggravated by the fact that by filling the warehouses with business clothes, the retailer could not provide sufficient stocks of everyday items. This led to a 47% reduction in online sales for Banana Republic.

Not in the best situation was the company Brooks Brothers, which is now actively closing stores and is closing three factories at once, leading to the dismissal of 700 employees. Talks about possible bankruptcy are already open. It should be noted that this brand, like the ones above, began to experience difficulties even before the pandemic, which only exacerbated its problems.

More about shopping malls in the USA



DAY BEFORE YESTERDAY, USA:
The first Netflix Houses are scheduled to debut in Dallas and Philadelphia.
DAY BEFORE YESTERDAY, France:
The Chalk store concept reinforces Calvin Klein’s modern, minimalist and sensual design.
Jun 20, 2024, France:
Nicolas Houzé, CEO of Galeries Lafayette, has outlined ambitious growth plans for 2024.
Jun 19, 2024, France:
Mango’s growth strategy also encompasses 15 new boutiques in Italy this year.
Jun 18, 2024, United Kingdom:
Miniso remains poised to expand its presence and consolidate its brand in the European retail landscape.
Jun 17, 2024, USA:
Lanvin has introduced its latest venture at South Coast Plaza.
Friend
and Follow
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us