DISTRESSED DAILY: Men’s Wearhouse Lives to Fight Another Day

Executing a successful turnaround plan is difficult, especially in retail where consumer tastes change so rapidly.

However, Men’s Wearhouse is proving to be the rare exception. The apparel company that sells suits, sport coats and other work attire has reversed a negative sales trend, returned to profitable revenue growth and strong free cash flow generation, and reduced its debt burden in the roughly 20 months since it emerged from Chapter 11 bankruptcy.

Men’s Wearhouse’s parent company, Tailored Brands Inc., filed for bankruptcy in August 2020 after the pandemic decimated demand for work attire, forced the company to close stores ...