Publisher's Note
Results from a recent Gallup poll survey conclude that only six
percent of men now wear neckties to work every day. Sales of
these ties in the U.S. have dipped to $677.7 million annually,
down from a high of $1.3 billion in 1995. Certainly, there are
pros and cons associated with this cultural shift.
There's debate in the necktie world as to the origin of the
necktie. Whether it started in China in the B.C. timeframe or
it began in the early 1900's by tie manufacturer Jesse
Langsdorf as some have suggested, I suppose it really doesn't
matter. Regardless, accounting kicks in with a bit of a zero-
sum game: fewer neckties sold, more golf shirts sold. Enjoy
the rest of your summer.
Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com
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