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
IVA (i.e. the industry's contribution to the US economy) is expected to grow at an average annual rate of 2.4% between 2009 and 2019; meanwhile US GDP is anticipated to increase at 2.7% per year, on average. As such, IBISWorld places the Men's Clothing Stores industry in a mature life cycle stage.
Over the five years to 2014, the number of enterprises expected to remain steady at an average annual rate of 0.0%. 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 and The Men's Wearhouse acquisition of Jos. A. Bank in 2014... purchase to read more