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Men's Clothing Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Men's Clothing Stores Market Research Report | NAICS 44811 | Feb 2015

Coat and tie: As consumers regain purchasing power, spending on men's apparel will grow

IBISWorld’s Men's Clothing Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
4.1%
Annual Growth 15-20
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Profit
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Employment
70,772
Businesses
9,242
Industry Analysis & Industry Trends

The Men's Clothing Stores industry was especially sensitive to the economic recession. Sinking consumer confidence, brought about by skyrocketing unemployment and low per capita disposable income growth, limited downstream demand for apparel. Nevertheless, as the economy recovers, spending and demand will strengthen. In addition, a pattern of merger and acquisition activity has characterized the industry as large companies expand their market reach and product mixes... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Industry value added (IVA), which measures an industry's contribution to the US economy, for the Men's Clothing Stores industry is expected to grow at an average annual rate of 5.3% between 2010 and 2020; meanwhile US GDP is anticipated to increase at 2.5% per year, on average. While high IVA growth is typically indicative of a growing industry, this is predominantly due to low profit during the recession and rising wage costs. The industry's market and product selection has remained relatively unchanged for decades and, as a result, the Men's Clothing Stores industry is in the mature life cycle stage.

Over the 10 years to 2020, the number of enterprises is expected to slow to an average annual rate of 2.1% per year on average... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Men's Clothing Stores Industry?

Men's clothing stores retail a variety of men's and boys' suits, formal wear, shirts, t-shirts, casual slacks, jeans, sport coats, blazers, sports apparel, sweaters, overcoats, raincoats and accessories. Operators may also offer custom suits and other clothing through alterations such as hemming, taking in or letting out seams and lengthening or shortening sleeves.

Industry Products
Suits and formal wearCasual wearOffice wearSport coats and blazersOvercoats and raincoatsAccessories
 
Industry Activities
Men's and boys' clothing retailingMen's and boys' clothing accessories retailingMen's and boys' undergarments retailing, including socks and undershirtsAltering men's and boys' clothing


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