By many industry estimates, men’s ties are about a $700 million business in the U.S., down from $1.8 billion at its peak in the 1980s, $1.2 billion in the 1990s. Not a pretty picture by any standards.
Cold weather helped, but innovative product, lighter weights and value made for a successful season. A bit less price-cutting would improve the bottom line.
Over a bacon and pepper quiche at Le Train Bleu, we caught up with the always optimistic menswear VP of Bloomingdale’s to talk business.
Of all the messages bombarding us these days on a daily basis, most seem to involve change: the need for it, the accelerated pace of it, our aversion to it, and the disastrous consequences of ignoring it.
The January 2017 issue of MR magazine is in the mail and will land on your desk any day now, giving you important information about our industry.
OBSTACLES AND OPPORTUNITIES IN TODAY’S TAILORED CLOTHING MARKETView Post
Bloomingdale’s has confirmed the news that David Fisher, executive vice president and general merchandise manager of men’s, will leave the department store after more than three decades.