Two more retailers file for bankruptcy: Lord & Taylor and Tailored Brands (Washington Post)

Washington Post: Two more retailers file for bankruptcy: Lord & Taylor and Tailored Brands. “Two more retail icons have filed for Chapter 11 protection, joining more than a dozen major brands that have tipped into bankruptcy as pandemic-fueled store closures sent sales plummeting. Lord & Taylor, the nation’s oldest department store chain, filed for bankruptcy protection on Sunday and said it is searching for a buyer. Hours later, Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank, followed suit, saying the pandemic had forced a reckoning. The company recently announced it would lay off 20 percent of its corporate workforce and close as many as 500 stores to cut costs.”

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