Is the writing on the wall for the business suit? Sales of formal business wear are down 15% online and 72% in stores and Marks & Spencer announced that it will stop stocking suits in half of its 245 clothing stores.
Many businesses relaxed their dress codes before the pandemic and the rules have only become more lax since. Consumers’ purchases prove it. Sales of casualwear are up 61%.
Business and casual clothes have merged into what experts call “Smartwear.” The head of menswear and Marks & Spencer told the Telegraph that the store’s “Smartwear” is now more focused on smart separates.”