Thursday, March 14, 2019

Tailored Brands’ Q4 sales miss; outlook weak

Chain Store Age
The parent company of Men’s Warehouse and Jos. A. Bank reported mixed fourth quarter results and a disappointing Q1 outlook amid “softness” in the “macro-environment.”

Total company sales fell to $785.8 million from $859.9 million last year. Retail net sales decreased 7.3% to $712.4 million due to the impact of last year’s 53rd week, a 1.5% decline in retail comparable sales and a $12 million decrease in alteration and other services revenue largely resulting from the divestiture of MW Cleaners.. . . more