Brooks Brothers — the self-proclaimed oldest clothier in the U.S. — filed for bankruptcy in July. Analysts say the suit dealer wasn’t able to keep up with modern men who often wanted styles that were cheaper and more functional.

Brooks Brothers — the self-proclaimed oldest clothier in the U.S. — filed for bankruptcy in July. Analysts say the suit dealer wasn’t able to keep up with modern men who often wanted styles that were cheaper and more functional.