FOND DU LAC, Wisconsin – Prolonged weakness in the national retail market has prompted a Midwest wholesaler of men’s suits to open a downtown store to sell excess stock at sharply discounted prices begin Thursday.
Ric Toman, a co-owner of one of the Midwest’s last family-owned clothing wholesalers, said today that his firm has no place to ship much of its current inventory. As a result of the months-long economic slowdown, Toman and his family have opened a Suit Warehouse location at 15 Third Street.
“In a normal economy, I’d have merchandise in 10 different states right now but a number of retailers just can’t pay their bills at the moment,” said Ric Toman of DDT Clothing. “Naturally, we’re hoping that things turn around soon because we’ve had great business relationships with many of those retailers for quite a few years. In the meantime, though, this situation has created a unique buying opportunity for retail customers here in the Fond du Lac area.”
Toman said this week’s Suit Warehouse sale will feature products from the finest U.S. and European manufacturers. He noted that the recent sale of Chicago-based brand name Hart Schaffner Marx to an overseas company enabled his business to purchase a large stock of Austin Reed brand clothing at a deep discount.
“We will have Austin Reed suits normally priced at $595 as low as $195 during this week’s sale,” he said. “Many items throughout the store will be marked down as much as 60 percent through the weekend.”
Toman said the sale is an especially good opportunity for men to set themselves apart for the field in the increasingly competitive workplace.
“History proves that it’s even more important for people to distinguish themselves during tough times. The best way to do that is to dress like a professional. Looking better not only gets you noticed but it’s also known to improve performance,” Toman said. “The credit crunch has made it difficult – and in some cases impossible – for many retailers to purchase fresh goods, but their current trouble can only be considered a blessing for the individual consumer here in our community.”
The Suit Warehouse sale begins Thursday, when the store is open from 9:00 a.m. to 8:00 p.m. It is open from 9:00 a.m. to 8:00 p.m. Friday, 9:00 a.m. to 4:00 p.m. Saturday and noon to 4:00 p.m. Sunday.
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