Tailored Brands, which runs menswear retailers Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore, has moved closer to rejoining Wall Street, with plans to trade shares under the ticker symbol “MENW.”
The company has not yet determined how many shares will be offered or at what price.
In 2020, Tailored Brands shuttered more than 400 stores ahead of a bankruptcy filing; its operations remained under pressure even after exiting Chapter 11.
In its recent filing, though, the company touted the success of its turnaround over the last six years. Now its four banners run over 1,000 locations. Plans are to open more than 500 over the next decade, starting with 20 this year, more than 35 in fiscal year 2027 and 50-plus more store openings annually in the following years.
In addition to investments in supply chain and technology, Tailored Brands said it “modernized and streamlined” its assortment, beefed up its private brand portfolio — which reached 88% of its assortment by the end of fiscal year 2025 — expanded its rental program and moved away from a sales commission model.
As a result, it has recaptured market share in menswear, boosting it by some 70 basis points from fiscal year 2021 to 2025, per the filing, citing Circana Historical POS Data. Also in that time, Tailored Brands net sales grew at a compound annual growth rate of 4.4%, reaching $2.5 billion. In 2025, net income was $217 million, and annually since fiscal year 2023, net income margins were at or above 7%. From 2024 to 2025, gross margin expanded by about 145 basis points to 48.2%.
Nearly 70% of its customers are new or reactivated, and customers retained over the prior 24 months were nearly a third of its customer base, with customers averaging 1.6 visits in 2025, the company said.
“While a lower retention rate is typical given the occasion-based nature of our business, converting even a portion of the 6.0 million new and reactivated customers into repeat customers represents a meaningful growth lever,” the company said in its filing.
Brick and mortar will underpin that, and the company noted the opportunity for in-person sales and tailoring services. The company will be expanding upon a fleet that at the end of fiscal year 2025 was more than 90% located away from the mall and entirely profitable on a four-wall basis.
Based on “multi-stage machine learning models, customer data, trade zone demographics, performance data from more than 1,000 existing locations and competitor analysis,” the company sees “a clear opportunity across more than 100 key markets,” and is planning to have a fleet of about 250 Men’s Wearhouse locations, 200 Jos. A. Bank locations and 50 K&G locations.
Tailored Brands is also counting on the ongoing decline of department stores. In its filing, the company cited data from the U.S. Census Bureau, contending that from 2018 to 2023 the number of department stores dropped more than 40% and that spending has shifted “toward specialty retailers such as the banners operated by Tailored Brands, which offer curated product assortments, expert staff, a more convenient location and a more personalized shopping experience.”
