The tie is so old school

  @FortuneMagazine February 27, 2014: 7:17 AM ET
EDD17 suit and tie

Is the necktie dead, or at least dying? The answer is yes, of course. Ties are being worn less and less in the workplace, but what's really interesting to me is a specific change in the calculus of the male dress code. I'll get to that in a minute, but first the numbers. Fortune's resident careers expert, Anne Fisher, author of our Ask Annie newsletter, did some digging and found that annual tie sales in the U.S. peaked in 1995 at $1.8 billion, according to the NPD Group. By 2008 that number had tumbled to $677 million. Sales have perked back up to about $850 million a year as we've emerged from the Great Recession -- no doubt some of that volume is from hopefuls picking up a tie at Brooks Brothers before a job interview. In any event, it's hard to see the tie biz ever again hitting the levels of two decades ago. (It should be noted that the increasing number of women in the workplace does nothing for tie sales ... Fortunately, those horrid 1980s women's ties never caught on.)

Join the Conversation
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.