Uniform Controversy Just Latest Headache for Tailored Brands
- Men’s Wearhouse owner has lost majority of value this year
- American Airlines split follows several years of turmoil
Pedestrians are reflected in a window of a Men's Warehouse Inc. store in San Francisco, California, U.S., on Tuesday, March 10, 2015. Men's Warehouse Inc. is scheduled to release earnings on March 11.
Photographer: David Paul Morris/BloombergAmerican Airlines Group Inc.’s high-profile breakup with uniform supplier Tailored Brands Inc. is just the latest black eye for an apparel company that has lost more than half its value this year.
Tailored Brands, which owns Men’s Wearhouse, Jos. A. Bank and Twin Hill, has suffered a string of setbacks, including a failed partnership with Macy’s Inc. and difficult integration between its two men’s suits chains. Though the uniform business represents a small percentage of sales, the airline controversy has left some investors and analysts wondering when the company is going to catch a break.