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                                                                   Exhibit 10.24

                       SEVENTH AMENDMENT AND MODIFICATION
                         TO LOAN AND SECURITY AGREEMENT


         THIS SEVENTH AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENT
(the "Amendment") is made effective as of November 14, 2000 by and among TODAY'S
MAN, INC., a Pennsylvania corporation ("Borrower"); each of the Subsidiaries of
the Borrower identified under the caption "Guarantor" on the signature pages of
this Amendment (individually, a "Guarantor" and, collectively, the
"Guarantors"); each of the financial institutions identified under the caption
"Lenders" on the signature pages of this Amendment (including without limitation
Mellon in such capacity) (individually, a "Lender" and, collectively, the
"Lenders"); and MELLON BANK, N.A., a national banking association, as agent for
the Lenders (in such capacity, together with its successors in such capacity,
the "Agent").

                                   BACKGROUND

         A. Borrower, Guarantors, Lender and Agent previously entered into a
certain Loan and Security Agreement dated December 4, 1998, as amended by (i)
that certain First Amendment and Modification to Loan and Security Agreement
dated April 28, 1999, (ii) that certain Second Amendment and Modification to
Loan and Security Agreement dated October 13, 1999, (iii) that certain Third
Amendment and Modification to Loan and Security Agreement dated March 15, 2000,
(iv) that certain Fourth Amendment and Modification to Loan and Security
Agreement dated May 1, 2000, (v) that certain Fifth Amendment and Modification
to Loan and Security Agreement (the "Fifth Amendment") dated May 11, 2000 (the
"Fifth Amendment"), and (vi) that certain Sixth Amendment and Modification to
Loan and Security Agreement (the "Sixth Amendment") dated August 16, 2000
(collectively, the "Loan Agreement"), pursuant to which, inter alia, Lender
agreed to extend to Borrower a revolving credit facility up to a maximum
outstanding principal amount of Thirty-Five Million Dollars ($35,000,000.00).

         B. Borrowers, Guarantors, Lender and Agent are entering into this
Amendment to amend certain terms and conditions of the Loan Agreement.

         C. Capitalized terms used herein and not otherwise defined herein shall
have the meanings set forth for such terms in the Loan Agreement.

         NOW, THEREFORE, in consideration of the foregoing premises and
intending to be legally bound hereby, the parties hereto agree as follows:

         1. Extension of Permitted Out-Of-Formula Advances and Usage.
Notwithstanding anything to the contrary contained in the Loan Agreement
(including the terms of Section 3 of the Fifth Amendment and Section 4 of the


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Sixth Amendment), Borrower may continue to exceed the formula availability
calculated pursuant to Sections 2.1 and 2.3 of the Loan Agreement by an amount
not to exceed (i) $2,500,000.00 for a period commencing on July 16, 2000 and
ending on August 15, 2000, (ii) $4,500,000.00 for a period commencing on

         2. August 16, 2000 and ending on November 30, 2000, (iii) $4,250,000.00
for a period commencing on December 1, 2000 and ending on December 7, 2000, (iv)
$3,500,000.00 for a period commencing on December 8, 2000 and ending on December
14, 2000, (v) $3,000,000.00 for a period commencing on December 15, 2000 and
ending on December 21, 2000, and (vi) $1,500,000.00 for a period commencing on
December 22, 2000 and ending on December 28, 2000. On December 29, 2000, all
Out-Of-Formula Advances must be repaid in full. In no event shall the
outstanding Revolving Credit Facility Usage (including the permitted
Out-Of-Formula Advances described above) exceed (a) $35,000,000.00 at any time
through November 29, 2000, or (b) $30,000,000 at any time after November 29,
2000. For purposes of this Amendment and the Loan Agreement "Out-Of-Formula
Advances" shall be redefined to mean the amount by which the then existing
Revolving Credit Facility Usage exceeds the then applicable Borrowing Base. Upon
the occurrence of a Default or an Event of Default under the Loan Documents, at
the Agent's option, Borrower will repay all Out-Of-Formula Advances.

         3. Confirmation of Collateral. Nothing contained herein shall be deemed
to be a compromise, satisfaction, accord and satisfaction, novation or release
of any of the Loan Documents, or any rights or obligations thereunder, or a
waiver by Agent or any Lender of any of its rights under the Loan Documents or
at law or in equity. All liens, security interest, rights and remedies granted
to Agent or Lenders in Loan Documents are hereby ratified, confirmed and
continued. Borrowers and Guarantors acknowledge and agree that the term "Loan
Documents" as used in the Loan Agreement and any other documents executed in
connection therewith shall include, without limitation, this Amendment and any
and all other documents executed in connection herewith.

         4. Challenge to Enforcement. Borrower and Guarantors acknowledge and
agree that they do not have any defense, set-off, counterclaim or challenge
against the payment of any sums owing under the Loan Documents, or the
enforcement of any of the terms or conditions thereof.

         5. Representation Warranties. Borrower and Guarantors hereby represent
and warrant, which representations and warranties shall survive until all
Obligations are paid and satisfied in full, as follows:

         6. Conditions. The obligation of Agent and Lender to enter into this
Amendment is subject to the following conditions (any of which may be waived by
Agent):

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            5.1 Loan Documents. Borrower and Guarantors and all other required
persons and entities will have executed and delivered to Agent this Amendment
and such other documents as Agent may require.

            5.2 Representations and Warranties. All representations and
warranties of Borrower and Guarantors set forth in the Loan Documents are true
at and as of the date hereof.

            5.3 No Default. No condition or event shall exist or have occurred
which would constitute a Default or an Event of Default hereunder.

            5.4 Other Documents. Such other documents as may be required to be
submitted to Agent by the terms hereof or any of the Loan Documents shall have
been delivered by or on behalf of Borrower and Guarantors to Agent.

         6. Additional Documents; Further Assurances. Borrower covenants and
agrees to execute and deliver to Agent, or to cause to be executed and delivered
to Agent contemporaneously herewith, at the sole cost and expense of Borrower,
any and all other documents, agreements, statements, resolutions, certificates,
consents and information as Agent may require in connection with the matters or
actions described herein. Borrower further covenants and agrees to execute and
deliver to Agent or to cause to be executed and delivered at the sole cost and
expense of Borrower, from time to time, any and all other documents, agreements,
statements, certificates and information as Agent shall reasonably request to
evidence or effect the terms hereof, the Loan Agreement, as amended, or any of
the other Loan Documents, or to enforce or to protect Agent's interest in the
Collateral. All such documents, agreements, statements, certificates and
information shall be in form and content acceptable to Agent in its sole
discretion.

         7. Certain Fees, Costs, Expenses and Expenditures. Borrower will pay
all of the Agent's expenses in connection with the review, preparation,
negotiation, documentation and closing of this Amendment and the consummation of
the transactions contemplated hereunder, including without limitation, costs and
fees and expenses of counsel retained by Agent and all fees related to filings,
recording of documents and searches, whether or not the transactions
contemplated hereunder are consummated. Nothing contained herein shall limit in
any manner whatsoever any Lender's or Agent's right to reimbursement under any
of the Loan Documents.

         8. Communications and Notices. All notices, requests and other
communications made or given in connection with this Amendment shall be made in
accordance with the provisions of the Loan Agreement.

         9. Time of Essence. Time is of the essence of this Amendment.

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         10. No Waiver. Except as otherwise provided herein, nothing contained
and no actions taken by Agent in connection herewith shall constitute nor shall
they be deemed to be a waiver, release or amendment of or to any rights,
remedies, or privileges afforded to Agent under the Loan Documents or under the
UCC. Nothing herein shall constitute a waiver by Agent of Borrower's or any
Guarantor's compliance with the terms of the Loan Documents, nor shall anything
contained herein constitute an agreement by Agent to enter into any further
amendments with Borrower and Guarantors.

         11. Inconsistencies. To the extent of any inconsistencies between the
terms and conditions of this Amendment and the terms and conditions of the Loan
Documents, the terms and conditions of this Amendment shall prevail. All terms
and conditions of the Loan Documents not inconsistent herewith shall remain in
full force and effect and are hereby ratified and confirmed by Borrower and
Guarantors.

         12. Binding Effect. This Amendment and all rights and powers granted
hereby will bind and inure to the benefit of the parties hereto and their
respective permitted successors and assigns.

         13. Severability. The provisions of this Amendment and all other Loan
Documents are deemed to be severable, and the invalidity or unenforceability of
any provision shall not affect or impair the remaining provisions which shall
continue in full force and effect.

         14. No Third Party Beneficiaries. The rights and benefits of this
Amendment and the Loan Documents shall not inure to the benefit of any third
party.

         15. Modifications. No modifications of this Amendment or any of the
Loan Documents shall be binding or enforceable unless in writing and signed by
or on behalf of the party against whom enforcement is sought.

         16. Holidays. If the day provided herein for the payment of any amount
or the taking of any action falls on a Saturday, Sunday or public holiday at the
place for payment or action, then the due date for such payment or action will
be the next succeeding Business Day.

         17. Law Governing. This Amendment has been made, executed and delivered
in the Commonwealth of Pennsylvania and will be construed in accordance with and
governed by the laws of such Commonwealth, without regard to any rules or
principles regarding conflicts of law or any rule or canon of construction which
interprets agreements against the draftsman.

         18. Headings. The headings of the Articles, Sections, paragraphs and
clauses of this Amendment are inserted for convenience only and shall not be
deemed to constitute a part of this Amendment.


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         19. Counterparts; Facsimile Signatures. This Amendment may be executed
in any number of counterparts, all of which taken together constitute one and
the same instrument, and any of the parties hereto may execute this Amendment by
signing any such counterpart. Any signature delivered via facsimile shall be
deemed an original signature hereto.

         20. Joint and Several. The obligations of Borrower and Guarantors under
this Amendment shall be joint and several obligations.

         21. Waiver of Right to Trial by Jury. BORROWER, GUARANTORS AND THE
LENDER GROUP WAIVE ANY RIGHT TO TRIAL BY JURY ON ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION (a) ARISING UNDER THIS AMENDMENT, (b) ARISING UNDER ANY OF THE
OTHER LOAN DOCUMENTS OR (c) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF BORROWER, GUARANTORS OR ANY MEMBER OF THE LENDER GROUP WITH
RESPECT TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS
RELATED HERETO OR THERETO, IN EACH CASE WHETHER SOUNDING IN CONTRACT OR TORT OR
OTHERWISE. BORROWER, GUARANTORS AND THE LENDER GROUP AGREE AND CONSENT THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF BORROWER, GUARANTORS AND THE LENDER GROUP TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. BORROWER AND GUARANTORS ACKNOWLEDGE THAT THEY HAVE HAD
THE OPPORTUNITY TO CONSULT WITH COUNSEL REGARDING THIS SECTION, THAT THEY FULLY
UNDERSTAND ITS TERMS, CONTENT AND EFFECT, AND THAT THEY VOLUNTARILY AND
KNOWINGLY AGREE TO THE TERMS OF THIS SECTION.

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         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.
<TABLE>
<S>                                       <C>

                                         BORROWER:
                                         ---------

                                         TODAY'S MAN, INC., a Pennsylvania corporation


                                         By: /s/Frank E. Johnson
                                             ------------------------------------------
[CORPORATE SEAL]                             Frank E. Johnson, Executive Vice President
                                             & Chief Financial Officer

                                         GUARANTORS:
                                         ----------

                                         BENMOL, INC., a Delaware corporation

[CORPORATE SEAL]
                                         By: /s/Frank E. Johnson
                                             ------------------------------------------
                                             Frank E. Johnson, President

                                         D&L, INC., a Delaware corporation


                                         By: /s/Frank E. Johnson
                                             ------------------------------------------
[CORPORATE SEAL]                             Frank E. Johnson, President

                                         FELD & FELD, INC., a Delaware corporation


                                         By: /s/Frank E. Johnson
                                             ------------------------------------------
[CORPORATE SEAL]                             Frank E. Johnson, President

</TABLE>



                       (SIGNATURES CONTINUED ON NEXT PAGE)

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                    (SIGNATURES CONTINUED FROM PREVIOUS PAGE)


                                         LENDERS:
                                         -------

                                         MELLON BANK, N.A.


                                         By: /s/Daniel K. Clancy
                                             --------------------------------
                                             Daniel K. Clancy, Vice President

                                         AGENT:
                                         ------

                                         MELLON BANK, N.A.


                                         By: /s/Daniel K. Clancy
                                             --------------------------------
                                             Daniel K. Clancy, Vice President

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