Millennial employees are opting for casual dress codes—leaving suit retailers out to dry.

Millennial employees are opting for casual dress codes—leaving suit retailers out to dry. Goldman Sachs Inc. and Target Corp. are the most recent to shift away from suits. Because of the trend, Tailored Brands, the parent company of Men’s Warehouse and Jos. A. Bank, saw sales slip 10.7% in their most recent quarter and only expect the dip to deepen. To fight the slide, they’re showcasing more casual choices, like khakis and jeans, and at Jos. A. Bank’s NYC store, the suits are kept on the upper level. (WSJ)