Family Clothing Stores in the US
The Family Clothing Stores industry consists of retail establishments that sell apparel for men, women and children with no clear specialization in gender or age. During the five-year period to 2018, the industry experienced moderate growth in revenue. Demand for industry products is mainly determined by demographic shifts and macroeconomic conditions, such as per capita disposable income, among others. Demand is also affected by changes in the price of inputs, which have fluctuated over the past five years, causing profit margins to be somewhat volatile during the period. IBISWorld forecasts a continued and steady recovery for the Family Clothing Stores industry. Revenue is anticipated to grow over the five years to 2023. As the economy continues to grow and consumer spending increases, shoppers will increasingly purchase clothes for discretionary purposes rather than function.
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.
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