The Retail Industry & Bankruptcy

<p>We’ve recently heard that Jos. A. Banks, Brooke’s Brothers, and even Lord & Taylor have filed bankruptcy. However, it isn’t surprising now that dress codes are becoming increasingly more casual. A coat and tie is no longer a requirement and in some cases, could even be seen as intimidating to potential clients. Is the pandemic and remote work environment causing companies to be more concerned about output than attire? What effect will this new normal have on the retail industry? </p>