Home / Knowledge / News / Apparel/Garments / Tailored Brands' Q1 FY16 net sales slightly down
Tailored Brands' Q1 FY16 net sales slightly down
Jun '16
Courtesy: Tailored Brands
Courtesy: Tailored Brands
Specialty retailer Tailored Brands posted slight decline – of 6.36 per cent – in net sales to $828.8 million during the first quarter of fiscal 2016, ended April 30, as compared to $885.08 in the corresponding quarter last fiscal, partially owing to an increase in net selling prices at the company's largest brand, Men's Wearhouse.

Net sales decreased 3.2 per cent at Men's Wearhouse to $441.6 million during Q1 of fiscal 2016, because of a decline in transactions on an average at the stores and units per transaction. The decline was result of an increase in average unit retails.

Jos A Bank saw a decline of 17.4 per cent in net sales during the quarter, while K&G saw a fall of 1.3 per cent. Net sales fell by 9 per cent at Moores during the quarter. MW Cleaners saw a fall of 1.9 per cent in net sales.

Corporate apparel segment, in whole, saw a decline of 2.9 per cent in net sales during Q1.

“Our first quarter results were mixed as we navigated the difficult consumer and retail environment and cycled a strong performance in last year's first quarter,” Doug Ewert, president and CEO of Tailored Brands said.

“Importantly, we are making progress on our transition plan for Tailored Brands.  We are executing on our profit improvement programme, organisational realignment, store base rationalisation and cost reductions,” he informed.

“Business seems to be improving in the second quarter, as evidenced by our May comps,” he added. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search