Industry Analysis & Industry Trends
Tied to the economy
The Men's Clothing Stores industry was especially sensitive to the economic recession. Sinking consumer sentiment, brought about by skyrocketing unemployment levels and a slowdown in personal disposable income growth, has limited downstream demand for apparel. High unemployment has also slowed demand for office attire. A pattern of merger and acquisition activity has characterized the industry as large companies expand their market reach and product mixes. This trend is expected to continue through 2017, and as the economy recovers, spending and demand will strengthen... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added (IVA) crashed in 2008 due to extremely poor consumer sentiment. The one-time 26.6% drop has hindered IVA (i.e. the industry's contribution to the US economy) growth to an average annual rate of 1.6% between 2008 and 2018; meanwhile US GDP is anticipated to increase at 2.1% per year, on average. Nevertheless, IBISWorld places the Men's Clothing Stores industry in a mature life cycle stage.
Over the five years to 2013, the number of establishments is expected to decline at an average annual rate of 1.0%. Mergers and acquisitions have defined the period, with the most recent ones being PVH Corp.'s acquisitions of Tommy Hilfiger and The Warnaco Group in 2010 and 2013 respectively... purchase to read more