Neal J Fox has stepped down as vice chairman of Today's Man Inc, although he will continue to serve as a member of the company's board of directors.

Mr Fox joined the company as vice chairman and as a member of the board in August 2000. Prior to this he served as the president and CEO of Sulka, an international luxury men's wear retailer where he was responsible for the expansion of the business and the development of the Sulka brand.

In a statement, Mr Fox said: "The time has come for me to pursue other opportunities that will take greater advantage of my expertise.''

Today's Man, which currently operates 30 stores in the greater Philadelphia, New York, and Washington DC and Baltimore markets, is a men's apparel store retailer offering a wide selection of tailored clothing, furnishings, sportswear and shoes.