Mill Direct / FOB-pricing shirt subscription
$49 per custom-cut shirt, made to your 17 measurements by the same hands that stitch for the labels charging you $125.
Below: a full cost breakdown, competitor markup table, and the specs. No charm, just math.
01 · Why this exists
Nathan Tailors has been a working tailor shop in Hoi An, Vietnam since 2000. Hoi An is one of four garment clusters in Vietnam (alongside Ho Chi Minh City, Hanoi, and Da Nang) that supplies a non-trivial share of the “Made in Vietnam” dress shirts sitting on American department store racks right now. The short version: when a US brand tells you their $95 non-iron shirt is “finished in Vietnam,” there is roughly a one-in-four chance a shop three blocks from ours was involved. We are not guessing about factory economics. We are the factory.
Here is the arbitrage. A mid-tier US shirt brand places a wholesale order with a Vietnamese workshop at roughly $28 to $42 per shirt, FOB (freight on board — we put it on a boat, they handle the rest). That shirt lands in a US warehouse at maybe $48 after freight and duty. It retails at $95 to $175. The markup is 2.5× to 4×, and most of that margin goes to marketing, retail rent, wholesale discounts to Nordstrom, and executive salaries in Manhattan — not to construction quality.
We are cutting that chain. You give us measurements once. We make the shirt in our own workshop, skip the brand, skip the importer, skip the department store, and ship it to you direct. The only reason this hasn't existed before is that running a DTC operation out of a 25-person workshop in Hoi An requires solving measurement-over-the-internet, which we did (see our Guided Measurement App). That was the bottleneck. It's solved now. So here we are.
02 · The math
| Line item | Cost |
|---|---|
| Fabric: 140s Egyptian cotton (Giza 86), 2.3 yds @ $7.20/yd | $16.56 |
| Trim: mother-of-pearl buttons (11), interlining, thread, collar stays | $3.40 |
| Labor: cutting + sewing + hand finishing, ~95 min at Hoi An master-tailor rates | $11.00 |
| Packaging + QC | $1.20 |
| Shipping amortized (quarterly batches of 3, DHL tracked, ~$18/box) | $6.00 |
| Payment processing + platform (~4.5%) | $2.20 |
| Our margin | $8.64 |
| Total to you | $49.00 |
Labor in Hoi An for a master tailor (15+ years) runs about $6.50 to $8.50 per hour depending on piece rate — roughly 1/6th of equivalent hand-finishing labor in Portugal and 1/14th of the US.
The Egyptian cotton we use (Giza 86, 140s two-ply) is sourced via the same Cairo broker that supplies two Italian mills; we buy it at mill rates, not retail rates.
Our margin (~17.6%) is deliberately thin because this is a subscription and we'd rather have you for 40 shirts over five years than burn you once.
03 · Who charges what, and why
Wholesale figures are estimates, triangulated from public FOB data (ImportGenius, Panjiva), ex-factory pricing we've quoted to US buyers ourselves, and industry reporting. Large brands likely negotiate volume discounts of 10–25% below these numbers. Take within ±20%.
| Brand | Price / shirt | Standard / MTM | Manufacturing origin | Est. wholesale | Effective markup |
|---|---|---|---|---|---|
| Nathan Tailors (us) | $49 | MTM · 17 measurements | Hoi An, Vietnam | $38 (actual) | 1.28× |
| Uniqlo non-iron | $45 | Standard | China | ~$8 | 5.6× |
| Charles Tyrwhitt | $95 | Standard | China / Vietnam / Turkey | ~$30 | 3.2× |
| Indochino | $79–129 | MTM | China / Vietnam | ~$30 | 2.6–4.3× |
| Brooks Brothers | $95–175 | Mostly standard | Mixed incl. Vietnam | ~$35 | 2.7–5× |
| Proper Cloth | $125–175 | MTM | China (Shanghai cluster) | ~$40 | 3.1–4.4× |
| Kamakura | $95 | Standard | Japan | ~$45 | 2.1× |
| Suitsupply | $109 | Standard | China / Vietnam | ~$32 | 3.4× |
| Eton | $200–275 | Standard | Portugal / Romania | ~$50 | 4–5.5× |
A footnote on Charles Tyrwhitt: their promo of four-for-$180 ($45/shirt) is close to our standalone price, but at that promo they are running at cost to clear inventory, still shipping you a standard-size shirt, and still taking 6–8 weeks to restock your size. Our $49 is the regular price, cut to your measurements, with margin left over.
04 · Spec sheet
05 · How it works
Submit your 17 measurements through the Guided Measurement App (about 15 minutes, one friend with a phone, no tape-measure gymnastics).
We store the measurement profile. Every shirt we ever cut for you uses it.
Your first shirt ships in 3 weeks (we fit-check it before scaling up).
After fit confirmation, you receive 3 shirts per quarter, DHL-tracked, in one batched box. Fabric rotation is seasonal; you approve the lineup 2 weeks before cut.
Pause, swap, or cancel anytime from your account. No annual commitment, no restocking fee.
06 · Skeptical-buyer FAQ
Proper Cloth's cost structure (per their own 2022 Shopify case study and public hiring data) includes a Manhattan HQ, ~60 US employees, paid acquisition via Meta/Google running at roughly $45–70 per first-order CAC, and a 3.1×–4.4× markup over wholesale. We have none of those. We are the workshop. The $76 gap between their $125 entry shirt and our $49 is mostly their overhead, not construction quality. The actual fabric and sewing is comparable — their Shanghai partner cluster runs similar 22 SPI single-needle machines to ours.
Fair question — "Egyptian cotton" is regulated loosely and a lot of what's marketed as Egyptian is actually Pima or Upland blended. Ours is Giza 86, 140s two-ply, sourced via a Cairo broker that also supplies Albini and Thomas Mason (Italian mills whose fabric shows up in $200+ shirts). We're happy to ship a 10cm swatch before you commit. Email us.
Wholesale margins on dress shirts have compressed hard since 2020 (fast fashion plus post-COVID inventory gluts at US retailers). A $32 FOB shirt in 2019 is a $28 FOB shirt in 2026, and the brand still wants 90-day payment terms. Direct-to-customer at $49 nets us more per shirt than wholesale at $30, with no 90-day AR. We still do wholesale. This is additional revenue, not replacement revenue.
The batched quarterly shipping is the tradeoff. If you want one shirt overnight, this isn't the product — DHL per-box to the US is ~$18 no matter what we put in it, so shipping one shirt alone would add $18 to a $49 order. Batching 3 shirts makes the shipping math work. Also: the first shirt is a fit gamble, which is why we make the first one free to alter.
The Guided Measurement App captures 17 points (vs. Indochino's 10 and Proper Cloth's 9), and we take a photo-based shoulder-slope reading that most MTM operators skip. That said, MTM is never 100% on shirt one. Industry standard first-shirt fit accuracy is ~80%. Ours runs about 88% based on internal data from our Hoi An walk-in customers who also use the app. The first shirt gets free alterations (we reimburse a local tailor up to $25) or a free remake.
Indochino's shirts are made in a handful of Chinese workshops in the Pearl River Delta (Dongguan cluster, publicly disclosed in their 2019 investor deck) plus some Vietnamese overflow. They are a marketing and software company with factory partners; we are a factory with a website. Construction is comparable on paper; we don't fuse collars with glue and they sometimes do on their lower tier. Their markup is 2.6×–4.3× over wholesale. Ours is 1.28×.
First shirt: free alterations reimbursed up to $25, or free full remake, your choice. Subsequent shirts: if the fit drifts (weight change, pattern adjustment), we remake at cost ($22 covering fabric + labor, no margin). We don't do returns-for-refund on custom work — industry-standard, because the shirt has your measurements baked in and can't be resold.
DHL Express Worldwide, tracked door-to-door, 5–8 business days Hoi An to most US zips. Customs: dress shirts under $800 per shipment are de minimis exempt under US Section 321, so no duty on a 3-shirt box. We've shipped to 34 US states so far with a 0.4% lost-package rate (1 of 247 boxes, replaced free).
07 · The closer
A tailor shop on Nguyen Thai Hoc street has been making shirts since the year you were born. For 25 years that labor has been priced into somebody else's $125 shirt. You can keep paying the middleman, or you can buy direct from the people holding the scissors. The shirt is the same shirt. The story is better.
08 · Reserve
We're opening to 300 members for the first quarterly batch. Put your email in and we'll send you the cost sheet, fabric options, and a launch-day slot.
No payment required. No credit card. One email from us, then silence until launch.