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Principally a men's clothier, by the mid-1950s some stores also carried women's clothing and later became known as "family apparel centers." In 1956, the chain operated nearly 100 outlets from coast to coast in principal cities, in addition to more than 50 agency stores that sold goods in smaller communities. [ 6 ]
In January 2011, the J. Peterman Company received a Job Creation Tax Credit incentive from the state of Ohio valued at $122,000 over a six-year term. The headquarters was moved from Lexington, Kentucky to Blue Ash, Ohio. [16] [17] By 2012, the website's online traffic increased to more than two million visitors a year. [18]
Their first attempt was to open American Eagle Outfitters in 1977, positioning it as a proprietor of brand-name leisure apparel, footwear, as well as accessories for men and women, emphasizing merchandise suited for outdoor sports, such as hiking, mountain climbing, and camping. [6] Stores were set up in shopping malls and a catalog was ...
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Tailored Brands' predecessor, Men's Wearhouse, was founded in 1973 by George Zimmer as a retail men's clothing store. The business had grown to 100 stores by the time it held an IPO in 1992, raising $13M. [6] Zimmer turned Men's Wearhouse into an industry consolidator, acquiring numerous competitors throughout his tenure leading the firm.
In August 2023, Express announced that they would be laying off 150 workers in effort to achieve $150 million in annualized expense reductions by the end of 2025. [10] On October 24, 2023, Express warned that it may have to file for Chapter 11 bankruptcy protection as it has been hit hard from the COVID-19 pandemic, stating store sales have been declining for years and rising costs putting the ...
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