Men's Wearhouse in Riverhead to be among more than 500 new stores across 3 chains

The Men’s Wearhouse store that recently opened in Riverhead is part of its parent company’s plan to add more than 500 stores under three clothing chains over the next decade.

The Manhattan-based parent company, Tailored Brands Inc., has undergone a turnaround that has led it to plan to expand and go public again, according to a confidential filing for an initial public offering in April and a public statement filed with the U.S. Securities and Exchange Commission last month.

The moves come about six years after the company filed for Chapter 11 bankruptcy protection and closed more than 400 stores amid a downturn in sales of men’s suits during the COVID-19 pandemic.

“Over the past five years we have transformed our business model, enhanced our customer value proposition, and delivered strong financial results,” Tailored Brands’ chief executive officer, John Tighe, wrote in a letter to prospective shareholders in the July filing with the SEC.

On Long Island, Tailored Brands has nine Men’s Wearhouse stores, two Jos. A. Bank men's clothing stores and two K&G Fashion Superstores, which are off-price clothing stores for men, women and children.

The Riverhead store, which occupies 10,210 square feet at 1160 Old Country Rd., opened July 29 and will hold a grand opening event Friday.

“Riverhead stood out as a community where we saw growing demand and the opportunity to better serve customers across eastern Long Island,” Marina Samuelson-Ricci, Tailored Brands’ district manager for Long Island, said in an email to Newsday.

The Riverhead store initially will employ eight full-time workers, as well as some part-time employees, but the number of employees may increase based on the store’s sales volume, she said.

The Men’s Wearhouse in Riverhead took the last section of space remaining in a building that Sports Authority vacated in 2016, said Joseph V. Scimone, chief financial officer for Lighthouse Realty Partners LLC. Lighthouse oversees property management and leasing for Serota Properties, a Valley Stream company that owns the Riverhead building through an affiliate.

As of May 2, Tailored Brands had more than 1,000 stores, including 637 Men’s Wearhouse locations, 181 Jos A. Bank stores and 81 K&G Fashion Superstore locations.

Tailored Brands also owns 107 Moores men’s clothing stores in Canada.

The company's expansion plans will begin with more than 20 new stores in the current fiscal year, more than 35 in fiscal year 2027 and more than 50 annually in the near term, the company said in an SEC filing.

Of the new stores that will be added over the decade, about 250 will be Men's Wearhouse stores, 200 will be Jos. A. Bank stores and 50 will be locations of K&G Fashion Superstore, the company said.

Changes made after pandemic

Before Tailored Brands filed for bankruptcy protection in August 2020, the company’s revenue had fallen about 5.6% over two years due to growing competition from online retailers, it said in a bankruptcy court filing.

The pandemic exacerbated the company’s woes by causing several issues, including supply chain disruptions and the cancellations of events for which male formalwear would have been purchased or rented, the company said.

Tailored Brands emerged from bankruptcy in December 2020 as a privately owned business.

Since the pandemic, overall sales of occasion-driven men’s clothing have rebounded as weddings and proms have returned, but sales of polished casualwear are growing at a faster pace than that of formal suiting, Neil Saunders, managing director of GlobalData, a Manhattan-based retail analysis firm, said in an email.

“Against this backdrop, Tailored Brands has performed well and has grown its market share. The business is smaller than it was before bankruptcy, but this restructuring has allowed them to shed unprofitable stores and produce a much better financial performance,” he said.

Since 2021, the company’s sales have benefited from several operational changes, including modernizing and streamlining merchandise offerings, focusing less on custom suits and expanding the selection of polished casual apparel, the company said in an SEC filing.

Tailored Brand’s net sales in fiscal year 2025 were $2.5 billion, a 2.1% increase from the previous year. Net sales for the three-month period ending May 2 were $682 million, a 5.8% increase from the same period a year earlier.

By Tory N. Parrish

tory.parrish@newsday.comToryParrish1

Tory N. Parrish covers retail and small business for Newsday. She has worked at the Pittsburgh Tribune-Review and Observer-Dispatch in Utica, N.Y.