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More suitable attire is on the way
Firms frown on casual
As the stock market rises and drops daily
in topsy-turvy fashion, Americans are suiting up in hopes of
making the workplace more stable and professional.
For drycleaners, this means good news.
After all, numbers complied by the Society for Human Resource
Management had previously revealed that the number of firms
allowing workers to dress down every day grew from 36 percent
in 1998 to 49 percent in 2001.
However, recent articles in the New York
Times and Newsweek have indicated that the tide may be turning
in the war against casual wear. Dressing up doesn’t just
create the impression of success anymore; it conveys a strong
desire for survival in a competitive business climate.
In his article “When the Going Gets
Tough, the Tough Put on Suits” on Aug. 18, New York Times
writer Guy Trebay notes that the suit is making a smashing
fashion comeback.
Evidence of the dress-up trend was
illustrated recently by Deutsche Bank of London, who wrote an
internal memo to its 3,000 employees asking them to refrain
from wearing “clubbing attire” to the office as of
Sept. 3. Specifically, the bank banned blue jeans, midriff
tops, baggy clothing, T-shirts and trainers.
The new dress policy was announced in the
wake of many similar ones issued by major business firms that
believe a casually dressed employee projects a cavalier lack of
professionalism.
More serious-minded
Korn/Ferry International and Lehman
Brothers enacted stricter dress codes several months ago. Their
aim is to return to a more serious-minded business atmosphere.
After all, Trebay writes, “tough
times call for legible dressing. Tie sales are now stronger
that they have been in years. The suit is back for men, goes
the chorus, as the people flock for safety to a uniform that
evolved from the court dress in the days of Charles II, in
17th-century England.”
Trebay interviewed Mark Shulman, the chief
operating officer for Retail Brand Alliance, who attributes the
national unemployment rate as a factor in America’s new
outlook on looking sharp.
Shulman explained, “You could afford
to be a little more casual when the economy was fat. You were
not as worried about your job and how you look.”
Now, Shulman added, things have changed.
“A lot of people are out of work and have to look for
employment.”
Another writer who shares Trebay’s
sentiment is Suzanne Smalley of Newsweek who examined the
reemergence of the suit in her June article “An
Aggressive New Cut.”
Suit sales rising
Suit sales are definitely up, according to
statistics tabulated by NPD Fashion World, a market-research
firm. In fact, 12 percent more suits and other tailored wear
were sold last year than in 2000.
Because of this increase, Smalley said, a
furious marketing battle has begun among several leading
men’s clothing shops. “To appeal to former
dot-comers whose closets are filled with khakis and polo
shirts, some suit sellers, whose wares were once a symbol of
Old Economy thinking, have adopted some New Economy tech and
swagger,” she wrote.
One example given of a suit company
adapting its marketing strategy to keep pace with the times was
Brooks Brothers. The company, despite its 184 history of
tradition, upgraded into the digital age by replacing its
tailor’s tape measure with a hi-tech scanning device that
plots 200,000 points on the human body.
Instant perfect fit
Men, clad only in boxers, step into a
scanning room and then emerge about 15 seconds later as the
collected data is transferred to one of the company’s
suit factories.
The process costs about $700 and customers
can expect their new attire in only three weeks, a considerably
shorter time than the custom suits of the past.
Jos. A. Bank, a retailer with 140 stores
established in 1905, has opted for a strategy of sending its
store managers out to college campuses.
The company offers group discounts to
fraternities hoping to attract new customers and cultivate that
relationship over a long period of time.
Consumer education
Seeking to minimize the ongoing confusion
between what constitutes business formal and business casual,
Jos. A. Bank also educates its clients on the matter and offers
a web site with a build-your-own suit option.
The efforts have been worthwhile so far.
Since last September, Bank’s stock has actually risen
from less than $5 a share to over $20.
Men’s Wearhouse is doing its part to
capture market share by running a series of full-page ads in
newspapers such as The Wall Street Journal. One slogan reads:
“Introducing a Revolutionary Concept in Business Attire:
The Suit.”
To complement the ad campaign, the company
has increased its inventory of $200 suits by more than 50
percent to target young and middle-income men.
Fashion follows the stock market
Certainly, all of these campaigns will
likely see an abundance of suits sold in the near future, but
for how long remains to be seen. If the economy surges into a
period of extreme growth, the popularity of the suit could
recede again.
Smalley interviewed suit designer Joseph
Abboud on the subject and he theorized that the stock market
will always dictate fashion trends to some extent. “When
times are tough, people are going to be dressing more
professionally,” Abboud said.
“Troubling events abroad, and fears
about homeland security, are also a boon to suit sellers. This
is a time of war, and men will be dressing for power. People
don’t want to seem frivolous.”
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