Tailored Brands reports 5.5 percent drop in Q1 net sales

Tailored Brands net sales for the first quarter ended April 29, 2017 decreased 5.5 percent to 782.9 million dollars. The company said, retail segment net sales decreased by 5.3 percent due to the impact of last year's store closures as well as comparable sales declines, while corporate apparel segment net sales decreased 8 percent due to unfavorable currency fluctuations partially offset by higher US sales.