Lathi to Run Daily Operations at Tailored Brands After Ewert’s Departure

Executive board chairman Dinesh Lathi will take over the day-to-day operation of Tailored Brands when Doug Ewert retires as chief executive officer at the end of the month.
The news was revealed during the company’s second-quarter earnings call Wednesday afternoon. Lathi was not named interim ceo, as industry sources had speculated, but will continue to hold his board title while the company conducts “a comprehensive search” for a replacement.
“I am honored and excited to lead the team during the transition process,” Lathi said on the call. “The board has begun a comprehensive search for a new ceo. Our top priority is identifying the best person to lead the company. The board will move forward thoughtfully and will take the time it needs to find the right leader for Tailored Brands.”
He said that when he steps up into the operational role in a few weeks he will be “focused on working with the executive team to accelerate the pace of execution and innovation and our core growth strategies of meeting consumers’ demand for personalization by growing our custom business, strengthening our brands through transformative marketing campaigns, and enhancing our omnichannel capabilities to deliver a superior shopping experience.”
Lathi, 47, is the former ceo of

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Doug Ewert to Leave as CEO of Tailored Brands in September

Tailored Brands caused a few jaws to drop Tuesday afternoon when it said that Doug Ewert, its longtime chief executive officer, will be retiring from his position and his post on the board on Sept. 30. At the same time, Bruce Thorn resigned from his position as president and chief operating officer, effective Aug. 31. The company said Thorn is leaving to pursue another opportunity and his new role is expected to be revealed shortly.
Tailored Brands said that “to ensure an orderly transition,” Ewert will serve as a strategic adviser to the company until the end of the calendar year. The board is currently initiating “a comprehensive search process” to identify a new ceo.
Ewert did not respond to a request for further comment on Tuesday.
Ewert, 54, has been with the parent company of Men’s Wearhouse and Jos. A. Bank for more than two decades. But his tenure in the past few years has been rocky. He was at the helm of the business during a nasty, public fight with the corporation’s founder, George Zimmer, that resulted in Zimmer being ousted from the firm in 2013.
Ewert was also in charge during the $ 1.8 billion acquisition of competitor Jos. A. Bank Clothiers

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CEO Talks: Tailored Brands’ Doug Ewert and His Unwavering Focus

It was a David-and-Goliath-type of situation when the Men’s Wearhouse was negotiating to buy its archrival Jos. A. Bank a little more than four years ago. There was a back-and-forth bidding war between the competitors and ultimately, the larger Men’s Wearhouse walked away victorious.
But be careful what you wish for.
While the merger created the largest men’s specialty store chain in the U.S., the $ 1.8 billion acquisition added a hefty amount of debt to Men’s Wearhouse’s balance sheet and the Bank business was in worse shape than its acquirer realized. The promotional strategy it used to drive sales — buy-one-get-one, two, three or even seven, free — was unsustainable.
For two years, chief executive officer Doug Ewert took heat from Wall Street as he worked tirelessly to turn the Bank business around. Today, the newly named Tailored Brands Inc. has turned the corner, quadrupling profits in 2017 and posting comparable-store sales gains at its flagship Men’s Wearhouse and the Jos. A. Bank division.
Here, Ewert discusses the challenging journey to prosperity, the outlook for both businesses as well as its Joseph Abboud brand, its Moores division in Canada, the K&G superstore concept, and the outsized growth the company is experiencing in custom clothing.
WWD:

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Suitsupply’s de Jong Is Shaking Up Tailored Clothing Retailing

Fokke de Jong is a disruptor.
The founder and chief executive officer of Suitsupply has managed to shake up the status quo in men’s tailored clothing retailing by offering an affordably priced product in a cheery and colorful environment that has made the industry sit up and take notice.
Calling his brand one of the “best kept secrets in the U.S.,” de Jong has quietly opened 100 stores around the world and 35 in America in major metropolitan areas. The privately held Amsterdam-based company will continue to expand its reach as it works to revolutionize the “boring” men’s suit industry.
Eighteen years ago, De Jong founded Suitsupply out of a trunk while he was in college and his first sales came when he visited offices and convinced the secretaries that the men in their firms needed a wardrobe upgrade. “They generally always agreed with me,” he said.
That sideline business got him through school and provided a little pocket change, but it also taught him the ins and outs of the tailored clothing industry. Find a factory, create a product, exhibit at a trade show and hire an agent to present your brand to department stores — that was the model.
“It looked like the

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Custom Becoming a Cash Cow for Tailored Brands

Tailored Brands will continue to capitalize on the strength of its custom clothing business in 2018 — after growing the category to more than $ 100 million in sales last year.
In reporting strong results for 2017 after the market closed Wednesday, Doug Ewert, chief executive officer, said he believes the company is now “the largest and fastest-growing retailer of men’s custom clothing. So far this year, custom sales are now trending above $ 3 million per week, and we are clearly in the early innings of this opportunity. With custom suits starting at around $ 400, we can serve a large addressable market of men who want a personalized look and a perfect fit and a reasonable price.”
He said the plan is to “significantly increase the penetration of custom as a percentage of total suits sold.” The bedrock of this strategy is the company’s ability to deliver a custom suit in an increasingly shorter period of time. “During 2017, we tested expedited custom delivery and validated our hypothesis that the faster we can deliver a custom suit, the more customers will give it a try,” he said.
Earlier this year, Tailored Brands said it will now deliver Joseph Abboud or Jos. A. Bank Reserve

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Tailored Brands Accelerates Custom-Clothing Deliveries

Custom clothing has turned out to be a major growth opportunity for Tailored Brands — the category brought in more than $ 100 million in sales in fiscal 2017.
And now the corporation’s Men’s Wearhouse and Jos. A. Bank divisions are upgrading their Made in America custom clothing program by cutting down on the time required for deliveries from four weeks to three.
“As one of the largest and fastest-growing custom clothing retailers for men,” said Doug Ewert, chief executive officer of Tailored Brands Inc., “our brands have a distinct competitive advantage in that we can deliver beautifully constructed custom suits to our customers faster through our Made in America manufacturing process.”
At Men’s Wearhouse, the Joseph Abboud custom line offers more than 150 fabric choices from Italian mills in various silhouettes and styles. The collection is manufactured at the Joseph Abboud Manufacturing Corp. factory in New Bedford, Mass. At Jos. A. Bank, custom clothing is available under the Reserve name and includes more than 120 fabric choices. This collection is also made in the U.S. and features a mold-able half-canvas chest piece and a unique natural sloping shoulder.
In reporting third-quarter results in December, Ewert said the company’s ability to make custom “as easy

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Tailored Brands Profits Rise 30 Percent in Third Quarter

The picture is brightening for Tailored Brands Inc.
On Wednesday, the men’s wear retailer reported that net profits in the third quarter ended Oct. 28 increased 30 percent to $ 36.9 million, or 75 cents a diluted share, from $ 28.4 million, or 58 cents, a year earlier.
Earnings per share came in 21 cents ahead of the 54 cents analysts projected and helped push shares of the company up 12 percent, to $ 19.26, in after-hours trading Wednesday.
Sales for the three months ended Oct. 28 fell 4.3 percent to $ 810.8 million from $ 846.9 million.
“While we still have more work to do, we are pleased with the progress in our business in the third quarter,” said Doug Ewert, chief executive officer. “We posted positive comparable sales at Jos. A. Bank and sequential comparable-sales improvement at Men’s Wearhouse and K&G, resulting in our second consecutive quarter of positive comparable sales for our retail segment.”
In the period, comparable-store sales at Jos. A. Bank increased 4.9 percent. Comps at the Men’s Wearhouse division fell 1 percent, Moores in Canada was down 2.6 percent and K&G was down 0.6 percent, he said. But on a late-afternoon earnings call with analysts, Ewert said both Men’s Wearhouse and Jos. A. Bank are

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Tailored Brands Expands Revolving Credit Facility

Tailored Brands, Inc. has amended its asset-based revolving credit facility to $ 550 million from $ 500 million and extended its maturity to October 2022 from June 2019.
In an early morning disclosure Thursday, Jack Calandra, chief financial officer of the former Men’s Wearhouse, said, “Our amended credit agreement provides Tailored Brands an additional $ 50 million of financial flexibility at a lower cost and better maturity profile.”
The agreement includes a $ 100 million expansion feature and has an improved fee structure. It matures in October of 2022 and is subject to a springing maturity provision relative to the company’s other outstanding debt.
J.P. Morgan Chase Bank was the lead arranger and administrative agent, with Bank of America Merrill Lynch and Wells Fargo Capital Finance as joint lead arrangers and joint book runners, the company said.
Tailored Brands operates over 1,400 stores in the U.S. and Canada under the Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G banners.

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Tailored Brands Bolsters Marketing, Technology Departments

In a move intended to enhance its marketing and omnichannel initiatives, Tailored Brands Inc. has named Frank Hamlin executive vice president and chief marketing officer and Boris Sherman executive vice president and chief technology officer.
Doug Ewert, chief executive officer of the men’s wear retailer, cited Hamlin’s “deep digital marketing expertise with proven ability to drive traffic, increase brand engagement and enhance customer loyalty programs.” And he also said Sherman is “a strategic leader with more than 20 years of experience driving customer-facing technologies that deliver business value. These executives have the leadership and technical expertise to help us achieve our vision of delivering the best omnichannel experience for men who want to look and feel their best.”
Hamlin most recently served as chief marketing officer for GameStop Corp. where he oversaw the brand portfolio, loyalty, CRM and global omnichannel marketing strategy for the company’s 7,400-plus stores and 40 million loyalty program members. Before that, he was executive vice president and general manager of marketing and e-commerce for Guitar Center Inc. He has a bachelor’s in music from the University of Virginia and an MBA from Harvard Business School and is also a member of the board of directors of Tuesday Morning,

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Tailored Brands Names Human Resources Chief

Andrew Iwaskow has joined Tailored Brands Inc. as executive vice president of human resources. He will report to Bruce Thorn, president and chief operating officer, and will serve on the company’s executive management committee.

Iwaskow will oversee all aspects of human resources for the retailer and work to strengthen the company’s ability to attract, develop and retain talent.
“We are pleased to bring Andrew on board to oversee talent acquisition, engagement and development across our organization,” said Thorn. “Andrew is a strategic leader who has a proven track record of developing human resources strategies that enable companies to achieve and exceed their business goals, while developing a great working environment for employees.”
Iwaskow was most recently with Toys ‘R Us as vice president, marketplace human resources. He has more than 25 years of experience in the field including stints at Staples and Party City.
“I am excited to join a leading omnichannel retailer that understands how important engaged employees are to delivering an outstanding customer experience and achieving long-term success,” said Iwaskow. “I look forward to ensuring that we attract, develop and retain top talent to help us execute our strategy to innovate the best men’s specialty store of the future.”
Tailored Brands Inc. operates

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Nautica Signs License for Tailored Clothing in Mexico

Nautica Apparel has signed a licensing agreement with Cavalier Fashion Group for the manufacture and distribution of men’s tailored clothing in Mexico.
The deal is effective beginning this fall and covers all of Mexico, including the Liverpool and Palacio de Hierro retailers.
“Mexico is one of our most important territories and we feel that this partnership will help evolve our business there,” said Brendan Sullivan, president of VF Sportswear. Nautica is a division of VF Sportswear.
“We are honored by the opportunity to work with VF and to join the efforts of a ‘reimagined Nautica’,” added Eric Levy, vice president of the Cavalier Fashion Group.
The fall collection will be available beginning later this month and will include men’s suits, jackets, overcoats, vests, dress shirts and ties. Suits will retail from $ 315 to $ 420.
For More, see WWD.com:
At Work: Attorney Douglas Hand Pushes the Boundaries of Tailored Clothing
Nautica Licenses Marcraft for Tailored Clothing
VF Corp. Adds $ 40M to Accelerate Growth Plans

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Nautica Licenses Marcraft for Tailored Clothing

Nautica Apparel Inc. has signed a licensing deal with Marcraft Clothes Inc. for the licensed manufacture and distribution of Nautica men’s tailored clothing. The license had previously been held by the Levy Group.
The deal will begin with the spring 2018 collection and covers the U.S. and Canada. The collection, which will be carried in better department and specialty stores, will offer modern silhouettes and performance fabrics for comfort. Suits and suit separates will retail for $ 495 and $ 695, sport coats between $ 225 and $ 250 and slacks around $ 100.
“Marcraft has an excellent reputation in the tailored business and we look forward to developing the partnership,” said Brendan Sullivan, president of VF Sportswear, a division of VF Corp. Nautica is a division of VF Sportswear.
“Fresh product, strong advertising and innovative use of social media influencers support the brand’s heritage,” said Jeff and Gary Brody, cofounders and presidents of Marcraft. “We see a substantial growth opportunity to build on the already impressive base.”
Last week, the brand signed a new licensing deal for men’s dress shirts with Itochu Prominent USA.
The deals are the first to be consummated under new president Sullivan, who succeeded Karen Murray as head of the Nautica brand in February.

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This Brand Just Turned Tailored Clothes Into a Punk-Rock Statement

R13 teamed up with tailoring house Southwick to flip the script on workaday pieces.

Style – Esquire

SHOPPING DEALS UPDATE:


Tailored Brands Names Bruce Thorn President

Douglas Ewert has relinquished the president’s role at Tailored Brands Inc. to Bruce Thorn.
Thorn, formerly executive vice president and chief operating officer, will report to Ewert, who continues as chief executive officer.
“Bruce has been instrumental in driving Tailored Brands’ operational excellence initiatives through a period of tremendous change for our company,” said Ewert. “Under his stewardship, we right-sized our store base, optimized our supply chain and cost structure and strengthened our omnichannel capabilities. We look forward to his ongoing leadership as we continue to innovate the men’s specialty store experience at Tailored Brands.”
Thorn joined the company in June of 2015 and has been overseeing the supply chain, store operations, information technology, strategic planning, omnichannel initiatives and human resources, among other areas. He will continue to serve on the company’s executive committee.
Prior to joining the men’s wear retailer, Thorn was executive vice president of store operations, services and supply chain for PetSmart Inc. He has also worked for Gap Inc., Cintas Corp., Lesco Inc. and the U.S. Army.
Earlier this month, Tailored Brands reported earnings in 2016 of $ 25 million, or 51 cents a diluted share, up from losses of $ 1 billion a year earlier. Tailored Brands’ total operating income for the year came in at $ 132.8

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Tailored Brands Results Hurt by Failing Macy’s Partnership

The marriage between Macy’s and Tailored Brands is on the rocks.
At the same time that it reported sales declines for fiscal 2016 and warned of another tough year ahead, Tailored Brands revealed that its tuxedo rental initiative at Macy’s Inc. has failed to perform up to expectations.
Wall Street was quick to punish the company, pushing its stock down $ 7.53, or 32 percent, Thursday to close at $ 15.84 on the New York Stock Exchange.
In mid-2015, the men’s wear retailer inked a deal with Macy’s to open tuxedo rental shops inside 300 stores. By the end of 2016, Tailored Brands had opened 170 shops.
However, during a conference call with analysts, Douglas Ewert, chief executive officer of Tailored Brands, said: “The results we’ve seen thus far have been disappointing. We anticipated start-up losses of $ 10 million during 2016, which grew to $ 14 million, due in part to most of our stores missing the bulk of the wedding season.
“Based on last year’s results and the early reads on 2017, we now believe that the tux rental opportunity with Macy’s is not likely to be as big as we initially thought. We’re in conversations with Macy’s at the highest levels to look at creating a

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PVH Moving Tommy Hilfiger Tailored License to Peerless

PVH Corp. is moving its Tommy Hilfiger men’s tailored business in North America to Peerless Clothing International next year.
The business is currently run by Marcraft Clothes Inc.
The move consolidates all of PVH’s men’s tailored businesses under Peerless, which will hold all of lines under licenses that run at least through 2022.
“We have had a long-standing and successful relationship with Peerless, which has been the licensee for our Calvin Klein, Van Heusen and Izod brands for several years,” said Emanuel Chirico, PVH’s chairman and chief executive officer. “It best serves the needs of our company and brands to have all of the men’s tailored businesses under the direction of one partner.”
Ronny Wurtzburger, Peerless’ president, said Hilfiger’s “rich American heritage and preppy-with-a-twist designs will be a great addition to our offerings under PVH’s brands and will allow us to better serve all of PVH’s businesses and consumer tastes.”

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Women’s Tailored Strapless Minimizer Bra

Women’s Tailored Strapless Minimizer Bra


Experience the best of two bras in one. Our Lilyette by Bali Tailored Strapless Minimizer Bra offers you the benefits of both a strapless bra and One Marvelous Minimizer! Delivers love at first fit with the Lily System, featuring an open neckline with less coverage and a shallow profile for less projection, plus wider-set straps and a broader underwire for natural support. Offers the security and confidence of no slippage. Seamless and flawless look under clothes. Great for special occasions. Converts to halter, criss-cross and demi styles. Underwire adds shaping and support.

Price: $
Sold by Buy.com (dba Rakuten.com Shopping)

Gap Veteran Calandra to Join Tailored Brands as Chief Financial Officer

Jack Calandra will join Tailored Brands Inc. as executive vice president, chief financial officer and treasurer, effective Jan. 3.
Calandra, who has an extensive background in the retail and consumer products industry, including 10 years with The Gap, will oversee corporate finance, accounting, treasury and investor relations for the Fremont, Calif.-based retailer. He will also serve on the company’s executive committee. Calandra will report to president and chief executive officer Doug Ewert.
“Throughout his career, Jack has demonstrated dynamic and strategic financial leadership at Fortune 500 retail and consumer brands and I am pleased to welcome him to Tailored Brands,” said Ewert. “He will be an exceptional addition to our team as we leverage our position as a leading authority on men’s wear to deliver an unparalleled customer experience in today’s omnichannel world.”
Calandra said he looked forward to “supporting our growth through disciplined financial management.”
Calandra was most recently senior vice president of corporate finance and investor relations for The Gap Inc., where he had worked for the past decade. During his time at Gap, he was cfo of the Banana Republic Global division and of Gap Direct, the e-commerce division. While at Gap Direct, Calandra played a key role in the acquisition of Athleta.
Prior

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Tailored Brands Returns to Profitability in Third Quarter

Investors applauded signs of turnaround at Tailored Brands’ Jos. A. Bank division, driving the company’s stock up 39.7 percent to $ 26.44 on Thursday.
But just as the troublesome acquisition of Bank seems to be getting back on track, the firm’s other divisions are feeling the pain of the challenging retail environment.
Tailored Brands raised guidance for the year and is expecting full-year 2016 adjusted earnings per share will hit $ 1.70 to $ 1.85 a diluted share, up from the previous range of $ 1.55 to $ 1.85.
The updated guidance reflects the company’s expectation for Jos. A. Bank’s comparable sales to be up mid- to high-single-digits and Men’s Wearhouse’s comparable sales to be down slightly in the fourth quarter.
Eric Beder of Wunderlich Securities reiterated his “buy” rating on the stock Thursday, raising the target price to $ 30 from $ 20 and increasing the EPS projections for fiscal-year 2017 and fiscal-year 2018 to $ 1.79 from $ 1.70 and $ 2.16 from $ 2.
Moody’s was similarly upbeat, with analyst Mike Zuccaro, saying: “As expected, Tailored Brands is making progress with the Jos. A. Bank turnaround, as well as its store rationalization initiatives and goal to achieve $ 50 million of cost savings this year. With a focus on reducing debt, the company is on track

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PATAGONIA MEN’S A/C SHIRT TRAVELLER: TAILORED GREY (XL)

PATAGONIA MEN’S A/C SHIRT TRAVELLER: TAILORED GREY (XL)


Stay cool in this now iconic shirt-made of breezy, finely woven and fast-wicking organic cotton.
List Price: $ 79.00
Price: $ 79.00

Fitted Tailored Slim Cut2 Button Gray Nailhead Men’s Suit

Fitted Tailored Slim Cut2 Button Gray Nailhead Men’s Suit


mens suits, Men’s Suit: Soft, and Light Weight Milan-Italy 2-Button NOTCH Lapel Gray Nailhead, A Gorgeous Suit for an exceptionally affordable price, Fitted Tailored Slim Cut2 Button Gray Nailhead Men’s Suit

Price: $
Sold by Mens USA.com

Maidenform Womens Custom Lift Tailored Satin Demi Bra 34B Black

Maidenform Womens Custom Lift Tailored Satin Demi Bra 34B Black


With Maidenforms Custom Satin Demi, each cup size is uniquely designed with a light lift pad that shapes the bust for a customized lift & shaping. The lustrous fabrication is soft to the touch and lies flat under clothes, creating a seamless appearance on the body. Satin sheen and subtle crystal accents on the front make this Maidenform push-up demi a shining favorite. This lustrous microfiber satin bra features cup sizes that are uniquely designed with the right amount of lift. As the cup size increases, the padding decreases to give you a natural look. Straps are set wide for a sexy, open neckline

Price: $
Sold by Wal-Mart.com USA, LLC

Lilyette Womens Tailored Jacquard Minimizer Bra 36DDD Ivory

Lilyette Womens Tailored Jacquard Minimizer Bra 36DDD Ivory


The Lilyette® Tailored Jacquard Minimizer® Bra is a beautiful underwire with guaranteed comfort. Lasting luxury. The Lilyette Collection is devoted to meeting the needs of the full-figured woman. This is a jacquard version of the popular Tailored Minimizer style 428. Delivers love at first fit with the Lily Fit™ System, featuring an open neckline with less coverage and a shallow profile for less projection, plus wider-set straps and a broader underwire for natural support. Luxuriously soft with a jacquard fabric that lays flat under clothes. Two-ply cups minimize size not shape so clothes fit better. Back band gives a smooth look under clothes. Embroidered straps are adjustable for perfect fit.

Price: $
Sold by Wal-Mart.com USA, LLC

Nipon Boutique Tailored Blazer

Nipon Boutique Tailored Blazer


Add structure and sophistication to your look with this blazer from Nipon Boutique. Featuring precision tailoring and a feminine fit; this blazer will go the distance in your wardrobe.
List Price: $ 119.00
Price: $ 89.25

Nipon Boutique Tailored Blazer

Nipon Boutique Tailored Blazer


Add structure and sophistication to your look with this blazer from Nipon Boutique. Featuring precision tailoring and a feminine fit; this blazer will go the distance in your wardrobe.
List Price: $ 119.00
Price: $ 89.25