Thursday, May 4, 2017

Department store retailer ends tux rental partnership

It seems the party is over between Macy’s and Tailored Brands’ Men’s Wearhouse.
 
The department store retailer is winding down operations related to the agreement it had to establish Men’s Wearhouse tuxedo rental shops in 300 Macy’s stores. While both companies pursued the partnership as a way to expand sales in the tuxedo rental market, volume was lower than expected. (In March, Tailored Brands said it was in discussions to restructure its agreement with Macy’s.). . . more

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