Tailored Brands Inc's Business Segments
Tailored Brands Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Tailored Brands Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category -
- Retail Clothing Product86.9%
- Mens Tailored Clothing Product48.8%
- Mens Non Tailored Clothing Product34.9%
- Rental Services7.8%
- Alteration and Other Services5.3%
- Alteration Services5.3%
- Womens Clothing Product2.5%
- Other Clothing Product0.7%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Retail Clothing Product | $ 249 | 86.9% |
| Mens Tailored Clothing Product | $ 140 | 48.8% |
| Mens Non Tailored Clothing Product | $ 100 | 34.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Tailored Brands Inc
The company was founded in 1973 by George Zimmer as a single store in Houston, Texas. It quickly grew and went public in 1992. Since then, it has expanded across the United States and has approximately 1,400 stores in operation.
Tailored Brands Inc operates in the mid-priced segment of the men's clothing market. The company offers a wide range of products including suits, dress shirts, sport coats, pants, ties, and accessories. It also provides rental services for formalwear and tuxedos.
Men's Wearhouse is the company's flagship brand and offers a variety of styles and sizes for men of all ages. Jos. A. Bank focuses on classic and traditional businesswear and has a reputation for its high-quality suits. K&G is a discount retailer of men's clothing that offers a variety of styles and brands.
Tailored Brands Inc has faced some challenges in recent years due to changes in consumer behavior and the rise of e-commerce. However, the company has made efforts to adapt to these changes by expanding its online presence and digital capabilities, as well as launching new loyalty programs and marketing campaigns.
In addition, the company has also made efforts to be more sustainable, including implementing energy-efficient lighting and HVAC systems in stores, recycling hangers and packaging, and reducing water consumption in its production processes.
Overall, Tailored Brands Inc is a well-known and established company in the men's clothing industry that offers a wide range of products and services. While facing some challenges, the company has made efforts to adapt to changing consumer behavior and become more sustainable.
Segments:
1. Retail (Brick & Mortar):
The companyes retail segment primarily operates through Men's Wearhouse and Jos. A. Bank stores in the USA, Puerto Rico, and Canada.
2. E-commerce:
The companyes e-commerce segment operates through its brand websites, particularly Men's Wearhouse and Jos. A. Bank.
Products:
1. Formalwear:
Tailored Brands provides high-quality formalwear clothing for men, including suits, formal shoes, and dress shirts.
2. Casualwear:
The company also offers a range of casualwear products, such as business casual, sportswear, outerwear, and accessories.
3. Custom Tailoring:
Tailored Brands offers custom tailoring options to its customers, allowing them to create their own suits and shirts with bespoke fit, fabric, and style options.
4. Big & Tall:
The company caters to larger-sized men, offering a range of products in sizes up to 72 regular.
Services:
1. Tuxedo rental:
Tailored Brands operates a successful tuxedo rental service in its Men's Wearhouse stores. This service is particularly popular during wedding season.
2. Alterations:
The company's stores offer professional alterations services to its customers to adjust the length, width, and other aspects of their clothing items for a perfect fit.
3. Wardrobe Consultation:
Tailored Brands offers an in-store professional consultation to its customers to help them select which products fit their needs and complement their lifestyle.
In summary, Tailored Brands offers its customers a wide range of clothing products and services that cater to diverse fashion needs. The company is known for its quality formal wear, custom tailoring, and tuxedo rentals. The various segments allow customers to shop both online and in-store for convenience. Tailored Brands also offers styling and alteration services to ensure that customers leave looking and feeling their best.
