Suit up: Demand for industry products will likely decrease as unemployment increases once again

The Men's Clothing Stores industry grew over the five years to 2017, as unemployment plummeted and per capita disposable income increased. When employment levels suffer and job security becomes less reliable, men have less incentive to purchase work-related attire. Furthermore, low employment is often indicative of other unfavorable macroeconomic conditions. For example, if employment is low, consumer confidence and disposable income are also likely to be low, which will cause shoppers to tighten their purse strings at industry establishments. The operating landscape for industry players has changed over the five-year period, as the online retail space continues to develop and consumer preferences more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Heightened competition from online retailers has moderated revenue gains
  • Competition from online-only retailers has
  • Mounting external competition from online retailers will suppress value-based retailer returns
  • Industry Report - Industry Key Buyers Chapter

    The Men's Clothing Stores industry exhibits a low level of market share concentration, with the top two players accounting for 25.1% of total company revenue. Major player concentration has increased since 2012, with acquisitions and mergers facilitating such conditions. For example, Tailored Brands Inc. acquired Jos. A. Bank in 2014, significantly increasing its share of the market and making it the only major player within the industry. Rising market share is a common attribute for an industry in the mature stage of its life cycle. However, expansion for this industry is traditionally limited because most major retailers will expand to offer clothing for women and children, which effectively removes them from the industry...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 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 competition
  • External 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

  • 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.
  • Why buy this report?

    IBISWorld’s industry research report on Men's 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.

    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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