Tailored Brands shares are trading lower after the company announced its plans to reduce headcount and close stores. The company also expects to reduce the workforce by 20% by the end of Q2 along with 500 stores identified for potential closure over time. UPDATE: Shares have since reversed, now higher.
Tailored Brands shares are trading lower after the company announced its plans to reduce headcount and close stores. The company also expects to reduce the workforce by 20% by the end of Q2 along with 500 stores identified for potential closure over time. UPDATE: Shares have since reversed, now higher.