Next size up: Companies will adjust their operations in the face of external competition

Over the five years to 2017, favorable demand trends have caused the Family Clothing Stores industry in Texas to expand, although significant competition from online clothing sales has curbed industry revenue growth. The primary trend hindering industry revenue growth has been e-commerce sales; online apparel sales are excluded from industry revenue, even if the company also operates brick and mortar stores in the state of Texas. Therefore, rapid growth in online apparel sales from both traditional apparel stores and e-tailers (businesses that do not operate any brick and mortar locations and sell their products exclusively online) has cut into the sales collected by family clothing stores...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
66,554
Businesses
4,507

Industry Threats & Opportunities

  • Rapid growth in online sales from both traditional apparel stores and e-tailers has cut into industry sales
  • As e-commerce continues to grow, it siphons demand from brick-and-mortar stores
  • Much of the growth in employment is expected to be in warehousing locations, rather than in retail stores
  • Industry Report - Starting a New Business Chapter

    Barriers to entry are moderate in the Family Clothing Stores industry in Texas. Although operators can purchase manufactured clothing and lease a retail space with minimal capital investment, the costs involved with developing and maintaining brand reputations pose a major barrier to entry in this industry. Existing industry participants benefit from established brand names in respective geographic markets and product offerings, whereas new entrants have to invest time and money into getting consumers to try their stores. New family clothing stores must often invest considerably in advertising across multiple media before they can convince consumers shift away from strong brand names and purchase their items instead. Add...purchase to read more.

    Additional Insights for the Family Clothing Stores in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Family Clothing Stores in Texas 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 Consumer Spending in Texas and Number of adults aged 20 to 64 in the Family Clothing Stores in Texas industry impact industry performance..

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    What's in this report

    What is the Family Clothing Stores in Texas 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
  • Consumer Spending in Texas
  • Number of adults aged 20 to 64
  • World price of cotton
  • Per capita disposable income in Texas
  • commerce sales

  • Current Performance
  • Mitigating factors
  • Competition intensifies
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry growth stabilizes
  • Changing consumer patterns
  • Table: Family Clothing Stores in Texas Industry Revenue Outlook

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

  • Major Markets
  • Generation X
  • Generation Y
  • Baby Boomers
  • Children aged 16 and younger
  • Seniors aged 65 and older
  • Commercial buyers
  • Chart: Major Market Segmentation for the Family Clothing Stores in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketing, rent and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Family Clothing Stores in Texas

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Family Clothing Stores in Texas Industry

  • Ross Stores Inc., The TJX Companies Inc., Cavender's, United Fashions of Texas LLC, Gap Inc.,
  • Table: Ross Stores Inc. - financial performance
  • Table: The TJX Companies Inc. - financial performance
  • Table: Cavender's - financial performance
  • Table: United Fashions of Texas LLC - financial performance
  • Table: Gap Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Family Clothing Stores in Texas 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 Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending in Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • 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.
  • Fast Fashion
  • Clothing collections based on the most recent runway shows.
  • Generation X
  • The demographic of Americans born roughly between 1965 and 1984, who follow the baby-boomer generation.
  • Generation Y
  • The demographic of Americans born from roughly 1980 through the 1990s who follow Generation X.
  • Misses
  • A retail clothing segment targeted at fashion-conscious teen girls with relatively high levels of disposable income.
  • 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 in Texas can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Texas:
    • 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 Texas 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 Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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