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 Key Buyers Chapter
In 2013, the Men's Clothing Stores industry is expected to have a medium market share concentration, with the top four participants making up about 50.2% of industry revenue. Over the five years to 2013, this percentage has increased, especially since PVH Corp. purchased Tommy Hilfiger in 2010, nearly doubling the company's market share.
Rising market share is a common attribute for an industry in the mature stage of its life cycle. Industry concentration has increased over since 2008, with acquisitions and mergers being at the forefront of company activity. Over the five-year period, market share concentration has increased from about 31.2%. IBISWorld expects this trend to continue moving forward into 2018... purchase to read more