Industry Analysis & Industry Trends
High unemployment and falling disposable income levels prompted many consumers to scale back discretionary spending during the recession. Consequently, men's clothing stores experienced declining demand and many operators resorted to promotional and discount activity to bear the burden. Although the industry is forecast to improve over the five years to 2020, especially as operators strive to increase operational efficiency and cater to niche markets, the industry will experience an increase in external competition as international clothing retailers muscle in on the Canadian retail market... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Men's Clothing Stores industry have struggled to bounce back from recessionary conditions due to heightened competition from other apparel retailers. Despite a strong rebound over 2010, revenue has declined slowly in subsequent years as other retailers continue to capture a growing share of the men's apparel market. Industry revenue is consequently estimated to fall an average 1.1% per year during the five years to 2015. While declines are projected to slow over 2015 amid improving disposable income, the industry is nonetheless projected to contract 0.2% to $1.6 billion during the year.
The fashionable male
The fragmented nature of the industry indicates the availability of niche markets... purchase to read more