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 2019, 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
Though operators in the Men's Clothing Stores industry have struggled to bounce back from recessionary conditions, industry revenue is estimated to grow at an annualized 1.5% in the five years to 2014. A high unemployment rate and contracting disposable income over 2009 caused demand for men's clothing to decline; however, the devastation was short-lived, and as economic conditions improved, industry revenue grew 3.4% in 2010. The industry has experienced growth every year since, albeit at a moderate pace. In 2014, IBISWorld estimates industry revenue will remain flat at 0.0%, reaching $2.7 billion.
Industry profitability experienced a similar fate over the past five years... purchase to read more