Dressed to impress: This industry will continue to feel pressure from external competitors

The Men's Clothing Stores industry began to slowly contract over the five years to 2018, as more male consumers turned to the internet for their clothing needs. As the percentage of services conducted online grew, demand for the brick-and-mortar establishments that operate in this industry fell. Despite pressure from online-based retailers, industry demand has been supported by positive macroeconomic conditions. Demand for new men's apparel is at its highest when employment rates are strong, since men often require new office attire for work. Over the five years to 2023, IBISWorld expects that industry revenue will continue to decline, though at a more rapid rate than the previous period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry revenue will continue to decline, though at a more rapid rate than the previous period
  • The growing rate of employment in the United States further boosts demand for industry operators
  • M&A activity will lead to a steady decline in the number of companies operating in the industry
  • Industry Report - Industry Analysis Chapter

    The Men’s Clothing Stores industry comprises retailers that sell exclusively men’s clothing, with the majority of sales generated through casual wear, office apparel and formal attire. Demand for office wear is highly dependent on employment levels. In recent years, unemployment has significantly decreased; in 2014, a 16.4% decrease in unemployment contributed to a 0.7% increase in industry revenue. Furthermore, high levels of per capita disposable income and consumer confidence have encouraged shoppers to attend expensive black-tie events, stimulating suit sales. These positive macroeconomic factors have also enabled shoppers to spend more liberally at industry establishments and trade up to premium-brand apparel. Nev...purchase to read more.

    Additional Insights for the Men's Clothing Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Men's Clothing Stores Industry are

  • Ability to control stock on hand
  • Having a clear market position
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Men's Clothing Stores industry impact industry performance..

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    What's in this report

    What is the Men's Clothing Stores Industry?

    Men’s clothing stores retail a variety of men’s and boys’ suits, formal wear, shirts, t-shirts, casual slacks, jeans, sport coats, blazers, sports apparel, sweaters, overcoats, raincoats and accessories. Operators may also offer custom suits and other clothing through alterations such as hemming, taking in or letting out seams and lengthening or shortening sleeves.

    Industry Products
  • Suits and formal wear
  • Casual wear
  • Office wear
  • Sport coats and blazers
  • Overcoats and raincoats
  • Accessories
  • Industry Activities
  • Men's and boys' clothing retailing
  • Men's and boys' clothing accessories retailing
  • Men's and boys' undergarments retailing, including socks and undershirts
  • Altering men's and boys' clothing
  • 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
  • Percentage of services conducted online
  • Consumer Confidence Index
  • National unemployment rate

  • Current Performance
  • Industry structure
  • Carving out a niche
  • Chart: Revenue Growth

  • Industry Outlook
  • Operating landscape
  • Industry returns
  • Demographic changes
  • Table: Men's Clothing Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Men's 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

  • Products & Services
  • Casual wear
  • Suits and formal wear
  • Office wear
  • Accessories
  • Sport coats and blazers
  • Other
  • Overcoats and raincoats
  • Chart: Men's Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Men's Clothing Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and depreciationMarketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Men's Clothing Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Men's Clothing Stores Industry

  • Industry Globalization
    Tailored Brands Inc.,
  • Table: Tailored Brands Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Men's 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 Men's Clothing Stores Industry
  • 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
    Baby Boomers
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • Generation X
  • The demographic of Americans aged 30 to 45, who follow the baby-boomer generation.
  • Generation Y
  • The demographic of Americans aged between 10 and 30, who are born to baby boomers and follow Generation X.
  • Offshoring
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Men's Clothing Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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
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    This report on Men's 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 Men's 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 Men's 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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