Tailored Brands’ Losses Mount as Coronvirus Crisis Derails Business

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The situation has gone from bad to worse for Tailored Brands.

The intense pressures of the coronavirus have forced fashion, already in the midst of massive structural change, to the tipping point. ⁣ ⁣ Now that stores across the U.S. have gone dark and consumers are at home and hunkered down with everyone focused on health and safety, the industry is starting to turn to the repercussions of an almost complete shutdown of business.

That story, and others about nurses resorting to rewearing masks after cleaning them with bleach, prompted him to convert his New York office into a donation center.⁣ ⁣ Jean-Raymond included his address on 27th Street in the post, asking for people to mail donations of masks and Latex gloves, and noted he will be contributing $5,000 to purchase supplies, if anyone can DM leads about where to buy them. The post received nearly 2,500 likes in an hour.⁣ ⁣ Tap the link in bio for more.

 

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