American men's apparel company
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Carolyn Pollock is a visionary brand builder who has transformed some of the most iconic brands in North American retail. As Chief Marketing Officer at Tailored Brands (parent company of Men's Wearhouse and Jos. A. Bank), Carolyn led a sweeping brand and creative relaunch, reshaping customer perceptions and driving measurable gains in awareness, consideration, and loyalty.Known for her bold approach to social and influencer marketing, she helped Tailored Brands claim 26% of all TikTok impressions in men's apparel and increased social ROAS by 23%, all while leading a 25% improvement in overall marketing ROI. She combines creative instinct with data-driven execution—whether it's building campaigns that spark conversation or scaling performance strategies that deliver growth.Carolyn previously served as Managing Partner at RevelOne, and held brand leadership roles at eBay, Thumbtack, and Timbuk2. She's a frequent advisor to industry leaders like Google and Salesforce, and was recently named to Adweek's AI Trailblazers Power 100.
Tariff chaos has tossed retailers into a crisis similar to Covid in 2020, leaving them unable to plan ahead, according to AlixPartners, the financial advisory and global consulting firm. “It’s a little crazy and retailers are canceling orders,” Holly Etlin, a partner at the firm and restructuring veteran, tells Bloomberg News’ Reshmi Basu and Bloomberg Intelligence’s Stephen Flynn in the latest Credit Edge podcast. There’s a “real crisis, everybody going nuts,” she added, referring to pricing, inventory and shipping decisions that retailers are trying to make. Etlin also discusses the impact of elevated bankruptcy costs, the outlook for more coercive liability management exercises, how retailers are using asset-based loans as a lifeline and the turnaround of Tailored Brands.See omnystudio.com/listener for privacy information.
This week Erin Everhart chats with the CBO of Tailored Brands, Matt Repicky.
Meet Alek Alek Catlett is a manager in EY's AI & Data consulting practice, where he has worked for the past 4 years. Alek helps his clients solve complex problems where the customer and data meet. Prior to EY, Alek spent 6 years at Tailored Brands, parent company to Men's Wearhouse, Jos. A. Bank, and Moores. Alek is also a graduate of the first Masters of Science in Customer Experience Management in North America from Michigan State University.
Meet Alek Alek Catlett is a manager in EY's AI & Data consulting practice, where he has worked for the past 4 years. Alek helps his clients solve complex problems where the customer and data meet. Prior to EY, Alek spent 6 years at Tailored Brands, parent company to Men's Wearhouse, Jos. A. Bank, and Moores. Alek is also a graduate of the first Masters of Science in Customer Experience Management in North America from Michigan State University.
Full transcript Marketing measurement is a complex puzzle—especially when it comes to balancing long-term brand-building efforts with short-term performance metrics that will please stakeholders. Tailored Brands CMO Carolyn Pollock acknowledges that CFOs may be skeptical of matched market testing and other tools for measuring brand-building impact, but that long-term may have an edge. "The consistency and the continuity of showing up with a message over time, you think back to almost every brand example," Carolyn says. "The ones that are really strong and bring long-term brand value, they've delivered something very consistently for a reasonably extended period of time. And I think what happens nowadays is people don't have that same level of patience or tolerance, and our attention spans are shorter, and we feel the need to be constantly changing things up." Today on Building Better CMOs, Carolyn and MMA Global CEO Greg Stuart talk about the complexities of building a modern marketing technology stack, the exciting potential of AI, and operating effectively inside of a private equity company. Carolyn also talks about why even subject matter experts need to gain a holistic understanding of their whole organization. Follow or subscribe to Building Better CMOs Rate & review the podcast Links: Carolyn's LinkedIn Greg's LinkedIn This episode was produced and edited by Eric Johnson from LightningPod.fm. Learn more about your ad choices. Visit megaphone.fm/adchoices
Matt Repicky, Chief Brand Officer of Tailored Brands – known for Men's Wearhouse and Jos. A. Bank – shares what he's learned about making iconic brands more culturally relevant. With a career trajectory that included Accenture to Amazon, a stint in Pharma, even leading global brand marketing for the Barbie brand at Mattel, I call Matt a "marketing polymath." (Don't blink and miss his star turn in "Tiny Shoulders" - the great documentary on evolving Barbie's very shape.) Learn what Matt's learned -- going from dolls to men. In his current home of the past five years he's been modernizing marketing for men's fashion, which he's done through keeping tabs on culture and leveraging customer insights, evolving the brand messaging with a refreshing use of humor... He's taken the Men's Wearhouse from "like" to LOVE. Matt has also switched up the overall Tailored Brands media mix – from heavy direct mail to embracing TikTok and Pinterest and podcasting. When he shared his POV on DOOH I had to pop in with my new segment called, "The Inside Scoop!" For its launch on Insider Interviews, I happened to speak to Barry Frey, the CEO of trade association, DPAA, for a five minute download on how DOOH is doing attribution and programmatic, to growing the careers of out-of-homers. And, big reminder: this was only a five minute deep dive. You'll want to head to their Global Video Everywhere conference on 10/15 in NYC for a full day of downloads. Back to Matt, he described where they are with Retail Media and how they apply the cultural zeitgeist to messaging. Through it all, Matt is proud to lean in to Tailored Brands' purpose-driven campaigns, such their "Threads of Valor" supporting Veterans' organizations, and living his own personal brand through mentorship and supporting LBGTQIA. And, being true to my personal brand, I manage to inject a little singing and a childhood story about MY Barbie into this otherwise smart and informative conversation! Key Moments: 00:30 Meet Matt Repicky: Chief Brand Officer at Tailored Brands 01:21 Matt's Career Journey and Marketing Insights – from Accenture to Amazon 03:00 Guiding the Barbie Transformation and Honoring Culture 07:13 Modernizing Men's Wearhouse and Joseph A. Bank 13:25 Exploring Media Trends – From Digital Out of Home to TikTok 15:31 Inside Scoop: Digital Out of Home with Barry Frey 22:08 Tailored Brands' Test & Learn Approach to Media and Customer Engagement 26:35 Brand Purpose – DEIB to Veterans Organizations – to Personal Purpose 30:26 Walk Down Memory Lane – with Song and Childhood Stories 32:10 Applying Experience to Marketing Impact Connect with Matt Repicky: https://www.linkedin.com/in/mattrepicky Follow Men's Wearhouse: Instagram: https://www.instagram.com/menswearhouse TikTok https://www.tiktok.com/@menswearhouse Connect with Barry Frey: https://www.linkedin.com/in/barryfrey1/ Connect with Insider Interviews: Instagram: https://www.instagram.com/insiderinterviews Facebook: https://www.facebook.com/InsiderInterviewsPodcast/ YouTube: https://bit.ly/InsiderInterviews-YouTubePlaylist LinkedIn: https://www.linkedin.com/in/mossappeal Threads: https://www.threads.net/@insiderinterviews X: https://x.com/InsiderIntervws And, please share, rate, like this podcast. Support more free content and… BuyMeACoffee
Tailored Brands, a menswear and formalwear retailer that includes Men's Wearhouse and Jos. A. Bank, needed to anticipate customers' evolving preferences for various style, color and size choices in its tuxedo rental business. CTO Scott Vifquain and Gurhan Kok, founder of Invent Analytics, talk about how AI-based technology was applied, and the results so far in our MCM CommerceChat podcast. The post Tailored Brands Leverages AI to Optimize Inventory Management appeared first on Multichannel Merchant.
Men's Wearhouse was founded in 1973 in Houston, TX, by George Zimmer. With a background in men's clothing, Zimmer grew the business — organically and through a series of acquisitions. Most people are familiar with Men's Wearhouse from its unforgettable commercials in the 90s and early 2000s guaranteeing customers that they were “going to like the way they looked.” Decades later, positive associations with the brand continue because of those commercials. Significant milestones built the company. With a focus on becoming the preeminent men's clothing store in North America, Moores Clothing for Men in Canada was acquired in 1999. K&G — a store serving men, women, and children — was acquired in the same year and rebranded as K&G Fashion Superstore. The business completed the acquisition of Jos. A. Bank® as a brand in 2014, and leadership established a holding company — Tailored Brands, Inc. — to manage the portfolio in 2016. Today, with clothing chains in the US and Canada, customers are presented with a range of “life event” clothing options, from dress suits to tuxedos. Offering a personalized customer experience as they plan for special events — like proms and weddings — has developed a loyal customer base spanning generations. Mark Johnson, CEO of Loyalty360, spoke with Carolyn Pollock, Chief Marketing Officer for Tailored Brands, Inc., about building emotional loyalty through meaningful relationships, partnering with Snapchat in an exciting campaign to serve prom-goers, and helping busy grooms manage their wedding party with Wedding Wingman.Read the full interview on Loyalty360 here: https://loyalty360.org/content-gallery/in-depth-exclusives/men-s-wearhouse-leveraging-decades-of-experience-innovating-to-engage-the-next-generation-of-loyal
Chris McChesney is the co-author of the best-selling book in the world on strategy execution. He is the Global Practice Leader of Execution for FranklinCovey Co. and one of the primary developers of The 4 Disciplines of Execution. For 15 years, he has led FranklinCovey's ongoing design and development of these principles, as well as the consulting organization that has achieved extraordinary growth in many countries around the globe and impacted hundreds of organizations. Chris has personally led many of the most noted implementations of the 4 Disciplines, including Marriott® International, Shaw Industries, The Ritz-Carlton Hotel Company® , The Kroger® Co., The Coca-Cola Co.® , Comcast, Lockheed Martin Corporation, and Gaylord Entertainment. Also, Chris has worked with Yum Brands, Chick-Fil-A, Neighborly Brands, Loan Market, Hard Rock Cafe, Bridgestone, and Tailored Brands. This practical experience has enabled him to test and refine the principles contained in The 4 Disciplines of Execution from the boardroom to the front line of these and many other organizations. Chris's career with FranklinCovey began by working directly with Dr. Stephen R. Covey and has continued for more than two decades to include roles as a con-sultant, managing director, and general manager within the organization. Chris launched the first 4 Disciplines of Execution Practice in FranklinCovey's Southeast Region, and today has seen it expand around the globe. Throughout this period of significant growth and expansion, Chris has maintained a single focus: to help organizations get results through improved execution. Chris and his wife Constance are the proud parents of five daughters and two sons. His love of family is combined with his passion for boating, water sports, coaching, and trying to keep up with his children. Known for his high energy and engaging message, Chris has become a highly sought-after speaker and advisor on strategy execution. Chris has presented at the largest leadership conferences in the world, including Global Leadership Summit and World Business Forum. The 4 Disciplines of Execution message is something that fits into every theme. Every leader has a goal that they want to achieve, but how do you focus and leverage organizational behavior to accomplish your wildly important goals despite a whirlwind of competing priorities?Link to claim CME credit: https://www.surveymonkey.com/r/3DXCFW3CME credit is available for up to 3 years after the stated release dateContact CEOD@bmhcc.org if you have any questions about claiming credit.
Welcome to The Voice of Retail. I'm your host Michael LeBlanc. This podcast is brought to you in conjunction with Retail Council of Canada.Welcome to a special holiday episode of the podcast, a pickup of my Conversations with CommerceNext podcast featuring Canadian retail executive Carolyn Pollock, CMO of Tailored Brands. A veteran big brand and retail marketer leading her team across North America, here in Canada with Moore's, helping consumers "love the way they look and feel for their most important moments." Carolyn takes us through her eclectic background of international business, packaged goods and now mastering the art and science of modern marketing and modern marketers About CarolynProven marketing and management professional with a 20-year track record of driving growth and building successful brands. Demonstrated ability to deliver results in fast-growth entrepreneurial and established companies by creating a clear vision, articulating focused strategic priorities and managing successful teams.Capable of managing the entire consumer lifecycle from acquisition to activation to retention through creative and relevant marketing strategies.Specialties: Brand strategy, marketing strategy and business planning, eCommerce management, integrated brand marketing, direct marketing (catalogue, email, online), merchandising, sales management ABOUT US: Scott An ecommerce veteran, Scott Silverman has been active in the industry since 1999 and is passionate about digital retail and the innovation driving the industry. Scott Silverman is the Co-Founder of CommerceNext. Previously, he spent 10 years as Executive Director of Shop.org where he launched the Shop.org Annual Summit. Scott co-invented "Cyber Monday" in 2005 and was the founder of Cybermonday.com in 2006, a shopping site that has generated more than $2.5 million for Shop.org's scholarship fund. MichaelMichael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada's top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks and The Food Professor with Dr. Sylvain Charlebois. You can learn more about Michael here or on LinkedIn.
This episode features an interview with Carolyn Pollock, Chief Marketing Officer of Tailored Brands, owner of companies like Men's Wearhouse and Jos. A. Bank. Carolyn has 20 years of marketing and management experience driving growth and building brands. Previously, she served as a marketing leader for eBay and Facebook. At Tailored Brands, Carolyn oversees all consumer marketing efforts and leads the team developing marketing strategies and programs.In this episode, Kailey and Carolyn discuss the hybridization of retail, leveraging technology to gather data, and showing up for customers in the right channels.-------------------Key Takeaways:Crafting a well-rounded customer experience requires a hybridization of online and in-store knowledge. When customers are researching your products online, you can use that data to help outfit them in-store and provide them exactly what they need.From a customer service standpoint, retailers have an opportunity to go above and beyond in providing an experience. For instance, if a customer spills a drink on their shirt at a wedding, a Tailored Brands store manager will hand-deliver them a new shirt. Showing up for your customer goes beyond data, it means they can depend on you throughout the entire experience.When trying to uplevel your customer engagement, don't boil the ocean. It's critical to be realistic in your expectations and figure out what's most important and foundational to your process right now, and then act on it.-------------------“No one walks into our store not knowing something about what we have to offer, [...] the integration of on and offline is a really big part of it. And making sure that you've got the tools and the understanding of where those handshakes of information transfer have to happen, is a really important way to respond to that.” – Carolyn Pollock-------------------Episode Timestamps:*(01:46) - Carolyn's career journey*(04:33) - Industry trends in customer engagement in retail*(12:16) - Challenges in the customer engagement journey*(18:26) - How Tailored Brands is leveraging technology to build a sophisticated customer journey*(22:27) - An example of another company doing it right with customer engagement (hint: it's Sephora)*(24:57) - Carolyn's favorite piece of data*(29:01) - Changes in the next 6-12 months in marketing and retail*(31:01) - Carolyn's recommendations for upleveling customer engagement-------------------Links:Connect with Carolyn on LinkedInConnect with Kailey on LinkedInLearn more about Caspian Studios
In this episode, Madhav Sadhu, Vice President of Marketing Technologies and Data Engineering at Tailored Brands, talks about how he uses data to respond to clothing trends, Covid's impact on the retail industry, Web3.0, and so much more.--------The Data Cloud World Tour is making 21 stops around the globe, so you can learn about the latest innovations to Snowflake's Data Cloud at a venue near you. Join your fellow data leaders at one of our full-day events to network with Snowflake customers and technology partners, attend educational breakout sessions, and learn how to drive more value from your data. Find an event near you at: https://www.snowflake.com/data-cloud-world-tour/
Welcome to the Conversations with CommerceNext podcast, I'm your host Michael LeBlanc, and this podcast is brought to you in conjunction with CommerceNext and presented by CommX.Our guest on this episode is Carolyn Pollock, CMO Tailored Brands, a veteran big brand and retail marketer leading her team across North America to help consumers "love the way they look and feel for their most important moments". Carollyn takes us through her eclectic background of international business, packaged goods and now mastering the art and science of modern marketing and modern marketers About CarolynProven marketing and management professional with a 20 year track record of driving growth and building successful brands. Demonstrated ability to deliver results in fast-growth entrepreneurial and established companies by creating a clear vision, articulating focused strategic priorities and managing successful teams.Capable of managing the entire consumer lifecycle from acquisition to activation to retention through creative and relevant marketing strategies.Specialties: Brand strategy, marketing strategy, and business planning, eCommerce management, integrated brand marketing, direct marketing (catalog, email, online), merchandising, sales managementABOUT US: Scott SilvermanAn ecommerce veteran, Scott Silverman has been active in the industry since 1999 and is passionate about digital retail and the innovation driving the industry. Scott Silverman is the Co-Founder of CommerceNext. Previously, he spent 10 years as Executive Director of Shop.org where he launched the Shop.org Annual Summit. Scott co-invented “Cyber Monday” in 2005 and was the founder of Cybermonday.com in 2006, a shopping site that has generated more than $2.5 million for Shop.org's scholarship fund.Veronika SonsevVeronika Sonsev is the Co-Founder of CommerceNext. She also leads the retail practice for Chameleon Collective and is a contributor for Forbes on how to grow retail and ecommerce in the age of Amazon. Having spent the last 10+ years working with some of the largest retailers and direct-to-consumer brands, Veronika has intimate knowledge of the challenges facing retail and ecommerce today. She is also an advocate for women in business and founded the global non-profit mBolden, which is now part of SheRunsit. Michael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada's top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks and The Food Professor with Dr. Sylvain Charlebois. You can learn more about Michael here or on LinkedIn.
Democratizing data, and developing data culture in large enterprise organizations is an incredibly complex process that can seem overwhelming if you don't know where to start. And today's guest draws a clear path towards becoming data-driven. Meenal Iyer, Sr. Director for Data Science and Experimentation at Tailored Brands, Inc., has over 20 years of experience as a Data and Analytics strategist. She has built several data and analytics platforms and drives the enterprises she works with to be insights-driven. Meenal has also led data teams at various retail organizations, and as a wide variety of specialties in Data Science, including data literacy programs, data monetization, machine learning, enterprise data governance, and more. In this episode, Meenal shares her thorough, effective, and clear strategy for democratizing data successfully and how that helps create a successful data culture in large enterprises, and gives you the tools you need to do the same in your organization. [Announcement] Join us for DataCamp Radar, our digital summit on June 23rd. During this summit, a variety of experts from different backgrounds will be discussing everything related to the future of careers in data. Whether you're recruiting for data roles or looking to build a career in data, there's definitely something for you. Seats are limited, and registration is free, so secure your spot today on https://events.datacamp.com/radar/
Bruce Hershey & Steve Olenski met over 10 years ago when Steve was at Forbes and Bruce was CMO of Tailored Brands. Since that time, they have developed an extremely tight bond, or in their words, a brotherhood. Their unique skillsets complement each other perfectly. Bruce is a bold and influential transformational thought leader that was recognized as CMO of the year in 2020. Utilizing social intelligence and cultural awareness, he masterfully orchestrates very diverse cross-functional and agile marketing teams to achieve the mission. Nicknamed The CMO Whisperer, Steve is a true unicorn having served in roles ranging from agency creative director to senior marketing roles in Fortune 500 companies to serving as a contributing writer for Forbes where he established himself as a highly influential journalist in the marketing, advertising and branding space.Attend a FREE B2B Mentors Marketing Mastermind: www.activeblogs.com/liveevent/Follow and connect with the host, Connor Dube on LinkedIn here: https://www.linkedin.com/in/socialsellingexpert/Instagram: connor_dubeIf you're already thinking you need to find a more efficient way to conquer your monthly B2B content like blogs, newsletters, and social media – we'd like to show you how we can improve the quality, save you tons of time, and achieve better results! To learn more visit www.activeblogs.com
Are you ready for a very bubbly and educational podcast episode? I hope you are because today we have one of my favorite guests on our podcast, and I think you'll find her personality as joyful as I do. Diana Gee-Calingo is the current Sr. Affiliate Manager for Tailored Brands. You may have heard of their men's clothing brands - Men's Warehouse and Jos A Bank. I have and am also a customer. In fact, my first suit I ever bought to land my first job in the internet marketing space was a Men's Warehouse suit!Diana and I have a lively conversation about everything from cooking and baking (man I can't wait to get some of her fresh baklava), to working remotely, to affiliate marketing and to working through a bankruptcy in the affiliate channel.One of the highlights of the podcast is geared toward those who want to move upwards in their career. Diana lays out her strategy for advancement and it begins and ends with the word “yes”. Saying yes to just about every opportunity allowed her to take on projects, demonstrate success and get that next big gig. She also dives into what she would want employers, leaders and managers to know about working remotely. Hint - it's probably not what you think but it is a vital and may make a huge difference to how you manage your remote workforce.And then for affiliates and affiliate managers. Diana and I talk about the nuances of managing an affiliate channel through a bankruptcy of the advertiser. There are some unique things you need to understand and rough waters you need to navigate, and Diana does a great job of laying those out.You can connect with Diana on instagram - littled99, Linkedin
Alex, also known as “The Science of Hitting Investing” on Gurufocus and TSOH_Investing on Twitter, is an investor at an RIA and a prolific investing writer. I’ve really enjoyed his articles, so I was really excited to talk to him. And the conversation didn’t disappoint. During the interview, we talk about structuring a process to maximize your chance of finding good investment candidates, trying to reconstruct management dashboards as a way to understand investments, and the different parts of the value investing spectrum. Time Stamps0:01:00 – Introduction to Alex (@TSOH_Investing on Twitter https://twitter.com/TSOH_Investing; https://www.gurufocus.com/news.php?author=The+Science+of+Hitting&u=110170 on GuruFocus) 0:05:05 – The 3 Modalities of long-only value investing: (1) buy companies that are better than everyone thinks they are, (2) buy companies that are less bad than everyone thinks they are, and (3) greater fool theory. 0:06:45 – Alex on the path to value investing as a philosophy (passive-active split) 0:10:35 – Howard Marks on “Winning the Loser’s Game” (not making mistakes) 0:11:30 – Pros and cons of quality vs cheapness in investing (spillover research, ulcers, frictional costs, etc.) 0:15:30 – Alex’s thoughts on quality companies / compounders vs cheap names 0:17:00 – “When to Average Down” by John Hempton 0:21:20 – Risks of screening 0:23:00 – David Kilcullen “rich information” and sunk costs 0:25:30 – My experience with finding Tailored Brands through screening 0:27:00 – Thoughts on fixing my screening process (setting myself up for failure) 0:28:31 – How Alex runs his portfolio (low turnover, high quality, relatively concentrated) 0:37:54 – How to conduct a search to maximize the chances of finding a compounder 0:42:15 – Cumulative knowledge: an advantage of studying high-quality businesses 0:46:31 – Thinking about how to allocate research time with Costco as a case study 0:49:50 – Red flags (compensation, management ownership, shareholder letters, etc.) 1:00:00 – Trying to construct a management key performance indicator (KPI) dashboard 1:02:05 – An issue with financial modeling—everything is based on sales, and sales are hard to predict 1:03:45 – Pat Dorsey: don’t model using percentages (Visa example) 1:05:10 – TSOH investment style in a nutshell: “the return to a historic margin rate is in doubt, and I’m stepping in and saying it’s a short-term problem.” 1:07:00 – Disney analysis: CPI vs Magic Kingdom pricing vs airline pricing 1:09:17 – My observation on “the game:” cigar butts have secure sales but insecure cash flows; compounders have secure margins but insecure sales 1:11:00 – Bruce Greenwald said that long term, things become commodities (everything is a toaster in the long term), but some have disagreed ( https://sloanreview.mit.edu/article/the-myth-of-commoditization/ ) 1:24:00 – Thoughts on software 1:28:24 – Thoughts on optimizing industry study time: listen to smart people, observe what you know 1:33:27 – Thoughts on micro-caps and special situations 1:35:20 – Observations on short-form podcasting 1:40:31 – The importance of exploring the investing the world alongside great people 1:41:55 – Closing thoughts Strategy Chain Links Rate and review the podcast at https://podcasts.apple.com/us/podcast/strategy-chain/id1492935567 Find Amazon affiliate links at http://strategychainpodcast.com/support Send me questions at http://strategychainpodcast.com/contact Sign up for the email list at http://strategychainpodcast.com/ Social Media @strategychain (Facebook, Twitter, Instagram, Medium)
In this podcast, I talk to Meenal Iyer from Tailored Brands. Meenal brings in 20+ years of data analytics experience across multiple domains namely retail, travel, financial services. Meenal has been transforming enterprises to become data driven, and shares interesting domain agnostic lessons from her experience. We cover two areas of battescars in this podcast: 1) Growing data literacy and a data-driven culture; 2) Standardization of business metrics.
Los propietarios de Lord & Taylor, Men's Wearhouse y Jos. A. Bank se convirtieron en los últimos minoristas en buscar protección por bancarrota y anunciar planes para cerrar tiendas, incluidas 10 en el área de Chicago, de acuerdo con publicaciones de las empresas. Hasta el 23 de julio, aproximadamente 40 minoristas, incluidas grandes y pequeñas empresas, se habían declarado en bancarrota por el Capítulo 11 en este año, casi dos docenas de ellas buscaron esa protección legal dentro del periodo de la pandemia por coronavirus. La cifra total excede el número de quiebras minoristas que se registraron durante todo el 2019. La lista de tiendas minoristas en quiebra incluyen, entre otras, a J. Crew, J.C. Penney, Neiman Marcus, Stage Stores y Ascena Retail Group, propietaria de Lane Bryant además de Ann Taylor. Muchas de las compañías que recientemente solicitaron el Capítulo 11 ya tenían problemas e intentaban mantenerse en el mercado, pero el cierre forzoso de tiendas no esenciales en marzo por la pandemia apresuró su caída. Lord & Taylor, uno de los grandes almacenes más antiguos de Estados Unidos, con varias docenas de tiendas en el país, se declaró en quiebra ante el Tribunal del Este de Virginia, según informó en su sitio web. Tailored Brands, que opera las tiendas Men's Wearhouse y Jos. A. Bank, junto con K&G Fashion Superstore y Moores Clothing for Men, presentó el Capítulo 11 en el Distrito Sur de Texas por las dos primeras marcas. En un anuncio en su sitio web, la compañía Lord & Taylor, vendida el año pasado a la empresa francesa de ropa de alquiler Le Tote Inc., dijo que estaba buscando un nuevo propietario. El año pasado vendió su edificio de 11 pisos, insignia en la Quinta Avenida de Nueva York, después de más de un siglo de ocuparlo. La compañía fue fundada como una tienda de productos secos en 1826. En tanto, Tailored Brands dijo en un comunicado que continuaría operando, mientras espera que un plan de reestructuración reduzca la deuda financiada de la compañía en al menos $ 630 millones y proporcione una mayor flexibilidad financiera. Debido al confinamiento, trabajo en casa y cierre de tiendas no esenciales por la pandemia de coronavirus, las marcas que venden ropa han tenido tiempos particularmente difíciles.
7-Eleven owner to buy US petrol station chain for $21B The owner of the Japanese retail giant, 7-Eleven, is buying the US petrol station chain, Speedway, for 21-billion- dollars. The deal will add 4-thousand outlets to the grocery chain's existing 9-thousand- 800 shops in the US and Canada. 7-Eleven's profits fell 73-percent in the second quarter compared to last year becuase of the pandemic. HSBC's first-half profit plunges 65% to $4.3B on bad loans Profits at Europe's biggest bank, HSBC, plummeted 65-percent to 4.3-billion- dollars in the January to June period compared to last year. The lender has had to ease repayment terms on 27-billion- dollars' worth of loans. It's also setting aside 13-billion- dollars for bad loans, as a rising number of its clients suffer during the outbreak. US department store Lord & Taylor files for bankruptcy And one of America's oldest department stores, Lord & Taylor, is filing for bankruptcy. Its iconic flagship store on New York's FIfth Avenue was auctioned-off last year. Now its French owner, Le Tote, is looking for a buyer for the remaining 37-outlets. Meanwhile, Texas-based Tailored Brands is also restructuring nearly 700-million- dollars in debt.
I’m working hard on developing an important skill: the ability to deconstruct a failure before it happens. I’m trying to move from postmortem to premortem. A postmortem is an after-action review where mistakes and successes are deconstructed. A premortem is the same analysis shifted forward in time and focused on the variables that cause mistakes. Charlie Munger says that the best type of learning is “vicarious,” meaning that you learn from the example of others. You see your friend burn his hand on the stove, and you decide not to touch it for yourself to see if it’s hot. This type of learning is great, and I think it can prevent a lot of unnecessary suffering. But I think a lot of learning comes from experience. Howard Marks likes to say that “experience is what you get when you don’t get what you want.” Another phrase I like is “he who suffers remembers.” In that light—postmortem learning definitely isn’t preferable, but once mistakes become available for you to deconstruct, they can be a great resource. On Twitter, Ian Cassel recently mentioned that a well-constructed active investment strategy needs to be molded and shaped to you as an individual. It’s similar to what people say about Jiu Jitsu having a certain sense of justice—you’ll often find yourself in the positions you need to work on most. Rubbing your face in real-life mistakes through postmortem analysis is a fantastic way to address key flaws and drive inflection points in your learning. I’m just finished a postmortem of a miserable experience I had investing in Tailored Brands (which, as of July 8th, looks to be on the verge of bankruptcy after a missed bond interest payment). You’ll be able to see that analysis online at www.strategychainpodcast.com/postmortems. The analysis centers on analytical fundamentals, execution methodology, and psychology & behavior. I summarize the experience, look at what went right, and discuss in detail what I did wrong. The question of the week is short: how can I shift the distribution away from postmortem and toward premortem? So that does it for this episode. I hope it unearths some threads to pull. If you’re interested in show notes or supporting the podcast, check out strategychainpodcast.com. If you want to get in touch with me, you can find me on Twitter @strategychain. So until next time—thank you. Strategy Chain Links Rate and review the podcast at https://podcasts.apple.com/us/podcast/strategy-chain/id1492935567 Find Amazon affiliate links at http://strategychainpodcast.com/support Send me questions at http://strategychainpodcast.com/contact Sign up for the email list at http://strategychainpodcast.com/ Social Media @strategychain (Facebook, Twitter, Instagram, Medium)
Macy’s shows signs of life. Coupa Software posts strong quarterly results and guidance. Tailored Brands might be thinking about bankruptcy protection. Jason Moser analyzes those stories and we dip into the Fool Mailbag to discuss barriers to entry in the tele-medicine industry, as well as Google’s own offering to the video-conferencing competitive landscape.
Goldman Sachs, JP Morgan, and Morgan Stanley hit 52-week highs but Wells Fargo slips. The National Retail Federation reports healthy holiday spending but Target tumbles on disappointing sales numbers. Gap decides not to spin off Old Navy. And Visa makes a big purchase. Motley Fool analysts Emily Flippen, Ron Gross, and Jason Moser discuss those stories and weigh in on Five Below, Tailored Brands, and Netflix’s new partnership with Ben & Jerry’s. Our analysts share three stocks on their radar: Freshpet, Teladoc Health, and SmileDirectClub. Plus, media and entertainment analyst Tim Beyers talks Amazon, Apple, Disney, Netflix, NBC streaming, cybersecurity stocks, and investing in the cloud. Thanks to Molekule for supporting our podcast. Get 10% off your first air purifier at http://www.molekule.com with code fool10. Get the first $50 off your first job post at www.LinkedIn.com/Fool. Terms and conditions apply.
Listen to research about companies that trade on the stock market as an audio recording!
Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, explains why he thinks energy stocks are currently unloved. Shawn Donnan, Bloomberg Senior Writer, examines a potential pause in tariffs at the G-20 in Osaka - where Huawei could be a detrimental factor in trade discussions. Brooke Sutherland, Bloomberg Opinion Columnist, analyzes a new technical malfunction for Boeing and what it could mean for the current share value. And Joseph Abboud the Chief Creative Director at Tailored Brands, the parent company of Men's Wearhouse, shares how European and American men's fashion differ. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, explains why he thinks energy stocks are currently unloved. Shawn Donnan, Bloomberg Senior Writer, examines a potential pause in tariffs at the G-20 in Osaka - where Huawei could be a detrimental factor in trade discussions. Brooke Sutherland, Bloomberg Opinion Columnist, analyzes a new technical malfunction for Boeing and what it could mean for the current share value. And Joseph Abboud the Chief Creative Director at Tailored Brands, the parent company of Men's Wearhouse, shares how European and American men's fashion differ.
David Mastroianni, strategic account executive at Adviser Investments, has the market analysis for Thursday, March 14. Major U.S. stock indexes closed with mixed results. The Dow Jones Industrial Average rose fractionally while the S&P 500 and NASDAQ fell 0.1% and 0.2%, respectively. Tailored Brands’ stock plunged 25% after the company lowered first-quarter guidance. Similarly, Dollar General closed the day down more than 7% on missed profit expectations.
Dollar General falls despite a relatively strong 4th-quarter report. Tailored Brands (parent company of Men’s Wearhouse and Jos. A. Bank) falls 25% after same-store sales in the 4th quarter fall. MFAM Funds portfolio manager Bill Barker analyzes those stories and shares why Tailored Brands is not a buying opportunity. Plus we dip into the Fool Mailbag to discuss reverse stock splits and the Fool 100 Index. (Tangents include award-winning pies and the classic film “Blazing Saddles”.)
Tailored Brands (parent company of Men’s Wearhouse and Jos. A Bank) falls 30% on rough guidance. Visa moves to help companies eliminate paper checks. Markel falls when regulators come knocking on the front door. Jason Moser analyzes those stories and shares the two stocks he bought shares of last week. Plus, KFC is selling fried chicken-scented logs for your fireplace, and we’ve got a holiday sale at http://shop.fool.com for the investor in your life! Holiday Music: “O Come, All Ye Faithful“ by Twister Sister Thanks Netsuite. Get the FREE guide, “Crushing the Five Barriers to Growth”, at www.NetSuite.com/Fool.
Organizations recognize the value of going digital with their supply chains but, in many cases, have introduced the idea as point solutions to automate specific processes or functions. This fragmented and opportunistic approach undermines full potential. How can organizations define and adopt digital in ONE holistic approach to operating supply chains across the globe? Guest 1: Jamie Bragg Title: Executive Vice President & Chief Supply Chain Officer, Tailored Brands, Inc.
At halftime of the World Cup 2018’s opening game, Bill Mann pops by the studio to discuss Comcast’s $65B bid for Fox’s assets and how Disney could respond. We also stare in horror at the smoldering embers of two retail stocks (Michael’s, Tailored Brands) falling 20%. Plus, we dip into the Fool Mailbag to discuss valuation vs. market opportunity. Thanks to Casper for supporting The Motley Fool. Save $50 on a mattress at http://www.casper.com/fool (use the promo code “Fool”)
Doug Ewert, CEO of Tailored Brands, explains how production processes differ within the U.S. and offshore. See acast.com/privacy for privacy and opt-out information.