Industry Analysis & Industry Trends
The economic recession has had a dismal effect on men's and boys' apparel wholesalers. With decreased discretionary spending in 2008 and 2009, retailers have been offering discounts to consumers to retain sales. Due to weak downstream demand, wholesalers were left with excess inventories and slashed prices to move stock. In their ongoing quest to cut expenditures and sustain margins, retailers have been sourcing directly from manufacturers, causing wholesalers to cut prices to remain relevant in the apparel supply chain. Meanwhile, due to cheap foreign labor, retailers are enticed with low-cost imports. As a result, wholesalers are left with lower demand... purchase to read more
Industry Report - Industry Products Chapter
Shirts, including button-down formal shirts and casual t-shirts, account for an estimated 33.7% of industry revenue in 2014. This figure has declined over the past five years because jeans have increased their share of sales as fashion changes toward more casual clothing. Additionally, the high unemployment rate over the five years to 2014 has put a damper on demand for corporate office apparel, including button-down shirts.
Slacks and jeans
The second-largest product segment in this industry is composed of slacks and jeans and accounts for 24.2% of industry revenue. Denim has been popular during much of the five years to 2014, helping the category grow over this period... purchase to read more