Men’s Wearhouse parent Tailored Brands to close e-commerce fulfillment centers to March 28

Tailored Brands Inc.
TLRD,
-3.24%,
the parent of Men’s Wearhouse and Jos. A. Bank clothing stores, said Thursday that it will close its e-commerce fulfillment centers from March 20 through at least March 28, out of concern over the COVID-19 pandemic. The company said it will also suspend the currently limited operations in its retail stores during that period, while employees will be paid for scheduled hours during the closures. The company said orders can be placed online but items will be shipped after the distribution center reopens. The stock, which was still inactive in premarket trading, has plummeted 69.6% over the past three months, while the S&P 500
SPX,
-0.03%
has lost 25.2%.

View more information: https://www.marketwatch.com/story/mens-wearhouse-parent-tailored-brands-to-close-e-commerce-fulfillment-centers-to-march-28-2020-03-19

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