If you're only going to pay $150-$200 for a suit, the quality probably isn't going to be good.
I'm a huge fan of Brooks Brothers Fitzgerald (Slim Line) Suits. Unless they have a sale, the suits start at around $1000. When you buy a Suit from Brook Brothers, all the tailoring comes with the price and you don't have to pay extra.
If you want to avoid bunching at the back, I recommend Brooks Brothers Extra Slim Fit or Slim Fit Dress Shirts. You have to be in decent shape to make it work though (especially the extra slim fit). The Slim Fit and Extra Slim Fat Dress Shirts cost around $100.

Have a 50% off at Men's Warehouse, so I should be able to get something pretty decent. They are also doing a buy one, get one free today and tomorrow.

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