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Men's Clothing Stores in the US
IBISWorld, Jan 2012, Pages: 32
Following suit: Increasing employment and income will help drive demand as the economy improves
Men's Clothing Stores in the US
Tied to the economy: The Men's Clothing Stores industry has proven to be especially sensitive to the economic recession. Sinking consumer sentiment, brought about by skyrocketing unemployment levels and a slowdown in personal disposable income growth, has limited downstream demand for apparel. High unemployment has also slowed demand for office attire. A pattern of merger and acquisition activity has characterized the industry as large companies expand their market reach and product mixes. This trend is expected to continue through 2016, and as the economy recovers, spending and demand will strengthen.
Men's clothing stores retail a general line of new men's and boys' suits, formal wear, shirts, T-shirts, casual slacks, jeans, sport coats, blazers, sports apparel, sweaters, overcoats, raincoats and accessories. Services may also 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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