Tag: Brands

Tailored Brands to Close Up to 500 Stores

Click here to read the full article.

Tailored Brands Inc. is making some dramatic moves to right the ship.

Early Tuesday, the parent of Men’s Wearhouse and Jos. A. Bank said it will close up to 500 stores and slash 20 percent of its workforce due to the coronavirus.

As a result, the company expects to record a pre-tax charge of about $6 million in the second quarter of fiscal 2020 for severance payments and other termination costs, all of which are cash costs, it said.

Dinesh Lathi, president and chief executive officer, said, “We have safely reopened almost all

Read more

50+ Black-Owned Beauty Brands To Support Year-Round

Black women don’t need a statistic to tell you that they outspend the rest of the market on bath and body products. (But in case you do: It’s a whopping 19%, according to Nielsen). From conditioners for our curls and kinks to lipsticks that enhance our melanin, beauty runs deep through Black culture, and we have the numbers to back it up.

But despite our tremendous spending power, Black women are still overlooked and undervalued in the beauty industry — with fewer than 1% of Black female founders receiving funding. It’s a reality that directly affects their communities, but it’s

Read more