TAILORED BRANDS SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP and The Miller Law Firm, P.C. File A Securities Class Action Against Tailored Brands, Inc. (formerly The Men’s Wearhouse, Inc.) -- TLRD

NEW YORK, March 30, 2016 -- Wolf Haldenstein Adler Freeman & Herz LP  (“Wolf Haldenstein”) and the Miller Law Firm, P.C. (“Miller Law”) announce that they have filed a securities class action against Tailored Brands, Inc. (NYSE:TLRD) (“the Company”), formerly known as The Men’s Wearhouse, Inc., in the United States Court for the Southern District of Texas, pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), on behalf of all persons and entities who purchased or otherwise acquired Tailored Brands, Inc. securities between June 18, 2014 and December 9, 2015, inclusive (the “Class Period).

Tailored Brands, Inc. is the holding company for The Men’s Wearhouse, Inc. The Company operates as a specialty apparel retailer in the United States, Puerto Rico, and Canada.

Shareholders who incurred losses on securities of Tailored Brands, Inc. are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. If you are a member of the Class described above, you may request that the Court appoint you Lead Plaintiff no later than May 31, 2016. A copy of the filed complaint may be obtained on Wolf Haldenstein’s website, www.whafh.com.

On June 18, 2014, the Company announced the completion of its acquisition of Jos. A. Bank Clothiers, Inc. for $65.00 per share in cash. Doug Ewert, President and Chief Executive Officer of Tailored Brands (at the time known by its former name, The Men’s Wearhouse, Inc.), touted the synergies and benefits of the acquisition and called the combined entity “a truly great company for all of our stakeholders.” On that day, shares of the Company closed at $55.86 per share.

After the close of trading on November 5, 2015, the Company provided investors with preliminary third quarter results and an updated fiscal year 2015 outlook. Investors were told that there was “significant comparable sales weakness at Jos. A. Bank.  During the third quarter comparable sales decreased 14.6% at Jos. A. Bank, far below the Company's earlier expectations.  This decrease was primarily driven by a decline in traffic as the Company began the transition away from the Buy-One-Get-Three promotional events.”

In addition, fourth quarter comparable sales at Jos. A. Bank were expected to be down between 20-25% from the prior year’s fourth quarter, which coincides with the busy holiday selling season. As a result of this shocking disclosure, shares of Tailored Brands, Inc. (known as The Men’s  Wearhouse, Inc. at the time), collapsed, closing at $22.70, down $19.40, on extremely high volume. This 48% decline represented a market capitalization decline of $938 million.

On December 9, 2015, after the close, the Company released third quarter earnings that were even worse than previously expected just weeks earlier. Additionally, same-store sales at Jos. A. Bank in the fourth quarter were actually tracking to be down over 35%! On this news, shares closed at $15.27, down an additional $3.30 per share.

Wolf Haldenstein and Miller Law have extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  Wolf Haldenstein has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of both firms in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed them to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.  All e-mail correspondence should make reference to the “Tailored Brands Investigation.”

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Gregory Nespole, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774