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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.