Word: formalwear
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Dates: during 1986-1986
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...numbers say so. Both sales and rentals of tuxedoes have split the seams since 1981. The American Formalwear Association reports that sales, which were at $65 million in 1981, hit $100 million in 1985. The Chicago-based Gingiss International, the nation's largest formal-wear rental chain, did $500 million in tuxedo rentals last year, up 50% from 1981. At New York City's Waldorf- Astoria, 60% of last year's banqueters showed up in formal gear, up from 45% in 1981. That means, according to the hotel, that 195,000 folks showed up at the Waldorf...