Men’s Warehouse + Jos. A. Bank To Close 500 Stores Nationwide
The coronaviris pandemic is causing havoc on the business community, as the parent company of Men's Warehouse and Jos. A. Bank announced earlier this week that up to 500 of their stores would be closing.
The economic shutdown from the COVID-19 virus is starting to come back and bite some of the biggest retailers in the country.
Over the last few months, we have seen a number of parent companies declare bankruptcy, and shutter many of their stores, some of which have been located right here in the Danbury area.
On Monday, according to newstimes.com, Tailored Brands, which is the parent company of Men's Warehouse, and Jos. A. Bank, announced that they would be cutting twenty percent of their corporate staff, and have identified up to 500 stores for closing all due to lost revenue during the pandemic.
As of the Monday announcement, Tailored Brands did not indicate what stores may be closing, but both Men's Warehouse, and Jos. A. Bank have locations in Danbury, one inside the Danbury Fair Mall, and the other in the lower parking area.
Since the start of the pandemic, here are some of the other stores that are inside the Danbury Fair Mall, or close to the mall, that have either declared bankruptcy, or have already closed:
- JC Penny
- Lord and Taylor
- New York & Co
- Ann Taylor
- Brooks Brothers
- Pier One Imports