Wall Street men used to be known for their suits, but now it’s all changing.
Money management corporation BlackRock told employees last week that it was further relaxing its business-casual dress code to allow them to wear jeans, according to The Wall Street Journal. BlackRock is just the latest financial company to loosen its dress code, following J.P. Morgan Chase’s announcement earlier this month that it would allow business-casual office wear.
WSJ attributes this shift to the financial sector’s attempts to win young recruits that are being swayed by the tech industry’s casual work environments.
Increasingly, casualization isn’t only a trend in the financial sector—athleisure seems to be finding its way into most workplaces as sportswear sales rise and consumer surveys show the value of comfort.
Looking ahead, casual is slated to stay strong. Trend forecasting firm Edited predicts traditional workwear and tracksuits will dominate in Spring ’17.