Tailored Brands Inc. TLRD, -23.82% is “evolving the assortment” across its portfolio of brands in an effort to keep up with more casual dress codes. Executive Chairman Dinesh Lathi said on the fourth-quarter earnings call that the company is already seeing a positive reception to the “soft-shoulder construction sport coats” at Men’s Warehouse and the “traveler and reserve sport coats” at Jos. A. Bank. Both brands are known for their suits and other formal apparel. “[C]asual is not sloppy, which means style and fit advice from a trusted partner will continue to be important, and potentially, even more important in an increasingly style-conscious world,” he said, according to a FactSet transcript. Tailored Brands shares have plummeted 26% in Thursday trading after the men’s fashion retail company reported a fourth-quarter loss and revenue decline and offered a weak outlook. It’s also currently searching for a new chief executive. Tailored Brands stock has sunk 36.6% in 2019 while the S&P 500 index SPX, +0.10% is up 12.1% for the period.
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