Men's Clothing Stores in the US
The Men's Clothing Stores industry began to slowly contract over the five years to 2018, as more male consumers turned to the internet for their clothing needs. As the percentage of services conducted online grew, demand for the brick-and-mortar establishments that operate in this industry fell. Despite pressure from online-based retailers, industry demand has been supported by positive macroeconomic conditions. Demand for new men's apparel is at its highest when employment rates are strong, since men often require new office attire for work. Over the five years to 2023, IBISWorld expects that industry revenue will continue to decline, though at a more rapid rate than the previous period. As the percentage of services conducted online continues to grow, this brick-and-mortar industry will continue to feel pressure from external competitors. Furthermore, macroeconomic variables that supported the industry during the period are expected to turn in the coming years
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.
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