Like most retailers, Tailored Brands and Lord & Taylor were significantly impacted by the lack of foot traffic due to the COVID-19 pandemic and related shelter-in-place orders.
As we’ve entered month four of the coronavirus pandemic, it’s safe to say that the retail industry has undergone a series of dramatic changes before our eyes.
In a time defined by uncertainty, one thing is clear for retailers: How they recover from any COVID-induced slump will hinge on what they do in the remaining days of July and August.