What does the future hold for the necktie?
The Wall Street Journal reported yesterday that the trade group that represents American tie makers is shutting down after 60 years. The reason — tie sales are dropping... big time.
Today on the show we spoke to Marty Staff, CEO of JA Apparel, which owns the Joseph Abboud label, about the future of the tie. Staff says the tie isn't going away, it's just changing.
"The necktie has morphed into something different where it becomes more of a fashion accessory, not unlike a scarf, or a pocket square or an iPod case, more than just a piece of silk or cotton tied tight around your neck," Staff says.
As for me, the only time I've ever worn a tie was during my brief stint waiting tables at the Cheesecake Factory, and boy did I hate it.