The Men's Clothing Stores industry relies on low unemployment levels to spur demand for office attire and encourage new clothing purchases. As a result, pent-up demand in 2011, following a rise in disposable income and falling unemployment, rebounded the industry to growth. In the coming years, as consumers regain purchasing power and unemployment returns to near-normal levels, discretionary spending on apparel will continue to grow.
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.
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.