Thousands of retail workers have worked with their unions to deal with furloughs, severance and safety issues during the COVID-19 crisis.
The company’s need for $75 million financing after its Ch. 11 exit sparked a dispute and showed continuing challenges during the pandemic.
The chief customer officer and head merchant joins CEO Dinesh Lathi in exiting the struggling men’s wear retailer.
Former Macy’s exec Peter Sachse and former Lowe’s CFO Bob Hull will take over the post.
The men’s wear retailer had emerged from Chapter 11 in December.
The Men’s Wearhouse and Jos. A. Bank operator emerged from bankruptcy in early December.
A design that showcases sportswear and cuts down on the number of suits on the floor is being tested in locations around the U.S.
Retailers and manufacturers are hoping for a significant jump in business as men go back to work and events get rescheduled.
The firm eliminated $686 million in debt from its balance sheet, but it still needs to deemphasize its dependence on tailored categories.
The men’s wear retailer is expected to emerge from bankruptcy before the end of the year.
The line had previously been exclusive to J.C. Penney.
The men’s wear retailer continues to be impacted by casualization trend and other store closures.
Bvlgari's Jean-Christophe Babin describes diversity and inclusion as an ethos embedded into the renowned brand.