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 2021, 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 contended with heightened competition from other apparel retailers over the past five years. Despite exhibiting overall growth, other retailers are aiming to capture a growing share of the men’s apparel market. Consequently, industry revenue is estimated to rise at an annualized rate of 1.2% during the five years to 2016. Such trends are anticipated to persist through 2016, with revenue rising 1.1% to $1.7 billion during the year.
The fashionable male
The fragmented nature of the industry indicates the availability of niche markets. Over the past five years, the industry displayed a trend of consolidation as the slow economy weeded out nonviable operations... purchase to read more