REUTERS/Brendan McDermid
- Tailored Brands — the parent company of Men's Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore — filed for Chapter 11 bankruptcy protection on Monday, citing the impact of the coronavirus on the decline of suits and formal wear.
- However, back when the world was still dressing up and going out, Men's Wearhouse has been a go-to destination to help Americans suit up for nearly 50 years.
- Founded in 1973 by George Zimmer, the company rose to prominence in part thanks to its well-known commercials starring the founder himself delivering his trademark line: "You're going to like the way you look: I guarantee it."
- We took a look at the rise and fall of Men's Wearhouse over the decades.
For nearly 50 years, Men's Wearhouse was synonymous with its tailored bargain suits and television commercials promising its customers: "You're going to like the way you look — I guarantee it."
However, with most of the country still homebound amid the coronavirus outbreak, suits and formalwear have gone by the wayside and left the fate of Men's Wearhouse in the balance. On Monday, Tailored Brands — the parent company of Men's Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore —filed for Chapter 11 bankruptcy protection with plans to immediately close 100 stores across the company.
In a note on its website, Tailored Brands attributed the decision to the pandemic, which in addition to temporarily shuttering stores has also shifted consumer demand toward athletic wear and loungewear.
"The coronavirus pandemic has altered the way we live and work. There are fewer in-person meetings, less going out, and postponed wedding celebrations, whereas our clothes are better suited to being out and about. That, in turn, means the need for fewer stores," the company said. "When the world is ready to dress up and go out again, we will be there to serve them."
Back when the world was dressing up and going out, Men's Wearhouse was there to help Americans suit up. Founded in 1973 by George Zimmer, the company grew to become one of the largest menswear chains in the country, even it hit a series of challenges in recent years, including the unceremonious ousting of Zimmer, the onset of the retail apocalypse, and the coronavirus.
We took a closer look at the rise and fall of Men's Wearhouse over the years.