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Men's Clothing Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Men's Clothing Stores Market Research Report | NAICS 44811 | Jan 2017

Suit up: Bolstered by economic gains, demand for men's apparel is expected to grow

The Men's Clothing Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
0.1%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
61,538
Businesses
12,839
Industry Threats & Opportunities
  • Heightened competition from online retailers has moderated revenue gains
  • Competition from online-only retailers has subdued revenue growth
  • Mounting external competition from online retailers will suppress value-based retailer returns
  • ... purchase to read more

Industry Analysis & Industry Trends

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 shift... ... purchase to read more

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 2013, an 8.6% decrease in unemployment contributed to a 3.1% 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 allowed shoppers to spend more liberally at industry establishments and trade up to premium-brand apparel. Com.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 wearCasual wearOffice wearSport coats and blazersOvercoats and raincoatsAccessories
     
    Industry Activities
    Men's and boys' clothing retailingMen's and boys' clothing accessories retailingMen's and boys' undergarments retailing, including socks and undershirtsAltering men's and boys' clothing


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Products & Markets
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Men's Clothing Stores
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Men's Clothing Stores Industry
  • Industry Globalization
    Major Companies
    Tailored Brands Inc.
  • Table: Tailored Brands Inc. - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Men's 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)
  • 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
  • Jargon & Glossary
    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 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 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 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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