AS A MEN’S fashion reporter, the question I get most often is: “Where can I get a good suit for cheap?” The asker usually spews this query in a panic: He has a wedding coming up, or a job interview ...

A group of high-end menswear retailers that typically sells suits that cost $2,500 or more is dipping a toe into the $700-to-$1,400 range in an effort to woo millennials as well as men of all ages ...