Fashion forward: Demand for high-quality clothing will aid growth, but e-tailers remain a threat

Demand for the Family Clothing Stores industry is dependent on changes in macroeconomic factors, such as disposable income and demographic changes in the US population. Spending on clothing in America lost momentum during the recession. The rapidly growing national unemployment rate, falling per capita disposable income and uncertainty about future finances caused many consumers to become cautious with their discretionary expenditures, hurting industry revenue. In the coming years, the industry is expected to perform strongly. Over the period, disposable income is expected to increase significantly, relative to its recessionary levels, boosting demand for industry products...read more.

Industry Statistics & Market Size
Revenue
$105bn
Annual Growth 12-17
0.8%
Forecast Growth 17-22
Profit
Employment
743,376
Businesses
45,217
What Our Customers Say

Industry Threats & Opportunities

  • The essentiality of industry products has kept demand at family clothing stores relatively stable
  • With renewed demand, more nonemploying companies have entered the industry
  • Increased demand will enable retailers to return to prerecessionary price points
  • Industry Report - Industry Products Chapter

    Participants in this industry carry apparel products for the entire family, regardless of age, sex or size. These items can be primarily segmented into men's, women's and children's clothing.Women's attireWomen's clothing, accounting for 51.8% of industry revenue, nearly doubles the revenue generated from men's apparel. Women purchase a wider variety of items to suit different occasions and are more frequent purchasers of accessories like jewelry. Both women's and men's clothing can be further segmented by formal and casual wear. Formal wear typically includes pieces such as suits, blazers, tailored pants and coats, or any attire meant for formal social events. Con...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 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
  • Operating trends 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
  • Children's wear
  • Other women's wear
  • Men's casual 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
  • 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 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of cotton (2008-2022)

  • 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.
  • Why buy this report?

    IBISWorld’s Family Clothing Stores Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Family Clothing Stores industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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:
    • 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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