
Menswear Stores in Australia - Industry Market Research Report
Description
Changes in consumer behaviour and demographic trends influence the fashion sector, which is why society's evolving attitudes towards men's fashion have affected the industry. Traditionally, clothing brands prioritised womenswear, but growing interest in men's apparel and accessories has encouraged retailers to focus more on catering to the men's market. Reasons like shifting gender norms, a rise in individualism, changing work cultures and social media influence have fuelled fashion-related spending among men, particularly younger generations. Revenue has been rising at an annualised 1.4% over the past five years, and is expected to reach $5.4 billion in 2023-24, thanks to higher disposable income and a growing male population aged 18 and over. This trend includes an anticipated revenue dip of 3.7% in the current year as negative consumer sentiment encourages Australians to reign in their spending habits.
Industry firms retail men’s clothing. The industry includes both specialist men’s clothing stores, and sales of men’s clothing by unisex specialist clothing retailers. The industry excludes department stores and online-only sales of menswear.
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.
Table of Contents
38 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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