Out of style: Stiff external competition has hampered state industry growth

The Family Clothing Stores industry in Massachusetts consists of operators that specialize in retailing men's, women's and children's clothing, with no particular focus on age or gender. Since many of the industry's Massachusetts establishments are located inside malls, the industry has suffered in recent years as a result of falling mall foot traffic; according to Cushman & Wakefield Inc., mall visits fell 50.0% between 2010 and 2013, and foot traffic has continued to plummet throughout the five-year period. As a result of declining interest in shopping at malls, total industry revenue contracted at an annualized rate of 2.5% over the five years to 2018, totaling $2.6 billion. This includes a projected decline of 1.2% in 2018 alone...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
-2.5%
Forecast Growth 18-23
Profit
Employment
19,809
Businesses
912

Industry Threats & Opportunities

  • The industry has suffered from steep external competition, particularly from online-based businesses
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Family Clothing Stores in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Family Clothing Stores in Massachusetts Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Massachusetts and Population of Massachusetts in the Family Clothing Stores in Massachusetts industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Family Clothing Stores in Massachusetts Industry?

    Family clothing retailers stock a general line of new clothing for men, women and children, without specializing in apparel for an individual gender or age group. Additional services include basic alterations such as hemming, taking in or letting out seams and lengthening or shortening sleeves.

    Industry Products
  • Men's formal wear
  • Men's casual wear
  • Other men's wear
  • Women's formal wear
  • Women's casual wear
  • Other women's wear
  • Children's wear
  • Industry Activities
  • Retailing women's casual apparel
  • Retailing men's casual apparel
  • Retailing women's formal apparel
  • Retailing men's formal apparel
  • Retailing infant and children's apparel
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Massachusetts
  • Population of Massachusetts
  • Percentage of services conducted online
  • Time spent on leisure and sports
  • Import penetration into the manufacturing sector

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Family Clothing Stores in Massachusetts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Men's & Boys' Apparel Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling
  • Women’s, Girls’ and Infants’ Apparel Manufacturing

  • Products & Services
  • Women's casual wear
  • Men's casual wear
  • Women's formal wear
  • Other women's wear
  • Children's wear
  • Other men's wear
  • Men's formal wear
  • Chart: Family Clothing Stores in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Generation X
  • Baby boomers
  • Generation Y
  • Seniors aged 65 and over
  • Children aged nine and under
  • Commercial buyers
  • Chart: Major Market Segmentation for the Family Clothing Stores in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Family Clothing Stores in Massachusetts

  • Basis of Competition
    Barriers to Entry
    The TJX Companies Inc., Gap Inc., Abercrombie & Fitch Co., H&M Group,
  • Table: The TJX Companies Inc. - financial performance
  • Table: Gap Inc. - financial performance
  • Table: Abercrombie & Fitch Co. - financial performance
  • Table: H&M Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Family Clothing Stores in Massachusetts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Family Clothing Stores in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income in Massachusetts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick And Mortar
  • Stores that have a physical presence and location, unlike e-tailers.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • En Vogue
  • French for "in fashion" or "in style."
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • What Our Customers Say

    Why buy this report?

    The Family Clothing Stores in Massachusetts Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Family Clothing Stores in Massachusetts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Family Clothing Stores in Massachusetts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Family Clothing Stores in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear