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