Fashion Brands: Upscale Brands Try Cut-Price Suits

-WSJ

Suits You 
Several high-end menswear retailers that typically sell suits costing $2,500 or more are dipping a toe into the $700-to-$1,400 range, wooing millennials as well as men of all ages with Champagne tastes but beer budgets. 

The latest wave of gentler-priced suits—a market dominated in recent years by upstarts like Suitsupply and established retailers such as J.Crew—comes from Barneys New York, Mitchells and Richards of Connecticut, and Mr Porter, which have long catered to men with offices rather than junior execs with cubicles, offering intimidatingly priced suits from brands such as Brioni and Kiton. 

Now these luxury retailers want in on the affordable-suit action and hope their versions will be a gateway to their pricier suits.