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Is the necktie a thing of the past?

by The 100 Companies

The ripple effect of the pandemic on our workforce and work habits is under full review. Companies are reassessing the work from home model versus a traditional fully staffed office balance.

With offices all across the country largely closed during the past months, there was a marked difference in attire. Without the necessity for people to be dressed up for in-person meetings, the necktie has all but disappeared.

Between relaxed standards and WFH programs, there’s been a 42 percent drop in necktie sales nationwide, from sales of $3.7 billion nationally in 2018. Analysts are mixed on the possibility that it recovers.

David Johnson, The OJT 100

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The Arizona 100