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My wife has impeccable taste and buys me formal wear every Christmas because she knows it comes in handy in my career. So I don't do the shopping at all, but I do know she loves shopping at Men's Wearhouse or Express for me. Express actually has some real good stuff, especially if you need many blazers and don't care that much about how great the quality is.
I buy one new suit every year and call it good. I think grooming is as important as dressing well, and all you need to look put together is a couple of classic items. I don't stress about being the most up to date with fashion, I choose classic, timeless looks
Formal wear, no, I have what I need and if I'm lucky I never need it. Business wear, that's just an ongoing project. You're never done, really.