Jos. A. Bank parent plans to close up to 500 stores, including one in Downtown Pittsburgh

The parent company of Jos. A. Bank plans to close up to 500 stores and lay off 20% of its corporate positions as the retail industry continues to suffer the economic fallout of the Covid-19 pandemic. Houston-based Tailored Brands Inc., whose brands also include Men's Wearhouse, Moores Clothing for Men and K&G, attributed the operational and organization changes to "unprecedented and industrywide business disruptions." "These changes are designed to strengthen the company’s financial position…