Tailored Brands, Inc., a leader in men’s tailored apparel operating over 1,400 locations in the US and Canada, has selected the strategic store lifecycle management solution by IT firm Tango. The retail suite will facilitate all aspects of their real estate strategy and store development activities needed to support growth of the company’s iconic brands.

The company’s famous brands include Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G. Tailored Brands has licensed Tango’s market planning & site selection, program & project management, lease administration, and facilities maintenance products.

Rajesh Chhablani, SVP real estate, store design & construction at Tailored Brands said, “While leveraging technology to manage our real estate and store development processes is not new to Tailored Brands, existing tools were not meeting our requirements and we wanted to explore the next generation of solutions. We required a solution that covered the strategic elements of real estate planning and supported the execution of our plan. We also sought a partner with deep industry knowledge and experience, and a user friendly, innovative product. Not only did Tango meet all of these requirements, they could also get us up and running faster and more cost-effectively.”

Tango’s lease accounting software is unique in the marketplace, in that unlike other solutions that will require retrofitting to ensure compliance, Tango’s lease accounting functionality was developed with compliance as part of the foundation.

Pranav Tyagi, Tango’s president and CEO said, “Being selected by a sophisticated company like Tailored Brands, who was an early adopter of store lifecycle management solutions more than 10 years ago, further demonstrates that the Tango platform is the next generation of strategic store lifecycle management.”

Tango’s Total Solution is unique in an industry that typically offers software which only addresses a portion of the real estate lifecycle. Companies like Tailored Brands see the value in a single solution that crosses all the departments involved in real estate strategy and store development execution, facilitates smarter decision making and avoids the information silos which inevitably occur with disjointed solutions. (GK)

Fibre2Fashion News Desk – India

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