Family fashion: As the economy continues to grow and consumer spending increases, revenue will grow

The Family Clothing Stores industry consists of retail establishments that sell apparel for men, women and children with no clear specialization in gender or age. During the five-year period to 2018, the industry experienced moderate growth in revenue. Demand for industry products is mainly determined by demographic shifts and macroeconomic conditions, such as per capita disposable income, among others. Demand is also affected by changes in the price of inputs, which have fluctuated over the past five years, causing profit margins to be somewhat volatile during the period. IBISWorld forecasts a continued and steady recovery for the Family Clothing Stores industry. Revenue is anticipated to grow over the five years to 2023...purchase to read more.

Industry Statistics & Market Size
Revenue
$107bn
Annual Growth 13-18
0.7%
Forecast Growth 18-23
Profit
Employment
749,534
Businesses
45,989

Industry Threats & Opportunities

  • The revived demand for premium-priced products in the industry has enabled operators to expand their profit margins
  • Revenue growth has been subdued as competition from large department stores and online retailers mounts
  • With disposable income anticipated to grow, consumers will be less price sensitive
  • Industry Report - Starting a New Business Chapter

    The capital costs associated with establishing a clothing store are relatively low and consist of a physical store location and equipment, such as computers, registers and scanners. However, the main barrier to entry are developing and maintaining brand reputation, as well as competition among existing companies. As existing players have already established brand names in respective product offerings, new entrants will have to invest money and time before consumers shift away from strong brand names and purchase relatively new brands.With a large number of smaller players in the industry, internal competition is strong. Additionally, there is also a high level of external competition, particularly from the Department Stores industry. How...purchase to read more.

    Additional Insights for the Family Clothing Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Family Clothing Stores 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 and External competition for the Family Clothing Stores industry in the Family Clothing Stores industry impact industry performance..

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    What's in this report

    What is the Family Clothing Stores 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
  • External competition for the Family Clothing Stores industry
  • Import penetration into the manufacturing sector
  • Number of adults aged 20 to 64
  • World price of cotton

  • Current Performance
  • Over the past five years
  • Competition fuels the fire
  • Chart: Revenue Growth

  • Industry Outlook
  • Sale trends
  • Cost and profit trends
  • Threats
  • Table: Family Clothing Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Family Clothing Stores 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
  • Other women's wear
  • Children's wear
  • Women's formal wear
  • Other men's wear
  • Men's formal wear
  • Chart: Family Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 24 and younger
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Family Clothing Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing, rent and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Family Clothing Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Family Clothing Stores Industry

  • Industry Globalization
    The TJX Companies Inc., Ross Stores Inc., Gap Inc.,
  • Table: The TJX Companies Inc. - financial performance
  • Table: Ross Stores Inc. - financial performance
  • Table: Gap Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Family Clothing Stores 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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?

    IBISWorld’s industry research report on Family Clothing Stores contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Family Clothing Stores:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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