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All possibilities. However, I've observed that when times get tough, dress becomes more formal. Just the other day I was struck by how many men were wearning (albeit poorly fitted) suits in Chicago, and SF.
If Wall St. weathers this particular storm without a resurgence of real business attire, you can count it as one more nail in the coffin of men's tailored clothing.
Lehman was one of the few firms on Wall Street to still require suit and tie from all its employees.
in which case most would be glad to not have to wear a suit/tie as a work uniform
Why is that?
I am sure many executives, bankers, and salesman will continue to don the suit and tie. But what about the rest?
How does the effect local stores, from department to haberdasher's? I have read on other threads that the B&S forum is seeing less sales due the economy. Will prices come down?
I'm sorry, but is this even true? My experience only comes from a summer internship but it sure did appear like EVERYONE wore suit and tie, and this was during August. What Wallstreet firms don't require it??
I'm sorry, but is this even true? My experience only comes from a summer internship but it sure did appear like EVERYONE wore suit and tie, and this was during August. What Wallstreet firms don't require it??
Tough times or no, I cannot imagine Goldman or MS reinstating a suit and tie dress code. .
i know the guys over at citi get to go in wearing business casual.