The Sweat Suit

Well out front of the office today i saw someone heading into the bank wearing the strangest of creations - the sweat suit. No not that kind of sweat suit, but an actualy suit with blazer, lapels and the like made from velour. The pants were sweatpants with a drawstring and everything. \

Despite my googling i could not find an image that come close to this thing. Oh and sandals......of course it had to be sandals.

I am not sure if this fella is dressing up for relaxation and just happened to be going to the bank or this is some new busienss casual look i was not informed of.