The owner of the Men’s Wearhouse and Jos. A. Bank brands has announced the appointments of John Tighe as EVP and chief customer officer, Karla Gray as EVP and chief stores officer, and Tim Cooksey as SVP of real estate.
The menswear retailer announced a loss of $34.1 million for the fourth quarter on Wednesday, as sales fell across the company’s portfolio and charges related to the sale of the Joseph Abboud brand took their toll.
With North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
The menswear retailer reported decreases in sales and earnings for the second quarter on Wednesday, and announced that it is suspending its quarterly cash dividend in order to reallocate the funds for debt repayment.