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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search