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|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 1 of 2
By Susan Hauser
The Wall Street Journal recently reported that the market for European custom suits is bursting at the seams. Bespoke tailors on London’s famed Savile Row are chalking up a huge surge in business, as are custom tailors throughout Italy, France and Britain.
Does this European bespoke trend translate into Oregon-speak? At Portland’s fine menswear shops, owners and managers briefly set aside their measuring tapes to share the news that yes, indeed, Oregon businessmen are again investing in their own suave style as the economy improves.
“We’re seeing a tremendous increase after a two-year drought,” says Tony Spear, owner of Este’s Men’s Clothing in Northwest Portland. “People were holding on to their clothes, so alterations were up. My tailor was making money, but we weren’t.”
Spear says business was off by 20% in 2007 and 2008, “and we were in better shape than most.” But it got even worse in 2009, dipping down 35%.
Now, he says, “There’s a huge resurgence in clothing sales because these guys didn’t buy stuff for two years.”
John Helmer III, third-generation president of John Helmer Haberdasher, reports the same at his store. “Sales of suits are way up, 47% above last year,” he says. “Of course, that’s from being kind of down.”
At Mario’s in downtown Portland, made-to-measure director Jake Hanover says men are apparently again willing to spend a considerable sum for a good suit. Even with an “entry-level” price of $1,400 for an Italian made-to-measure suit, Mario’s is seeing what could be called a boom — at least when compared to the past few years.
“Flat was the new up,” says Hanover, recalling the industrywide slump, when the recession brought losses from 35% to 50% to menswear specialty stores. “If you equaled the year before, it was a win. But now we’ve gone into a few quarters of actual gains — a steep enough slope that you could ski on it.”
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, May 29, 2014
BY SOPHIA BENNETT
Tillamook expands its tourism niche.
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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