Industry Analysis & Industry Trends
Though the Family Clothing Stores industry experienced years of weakened demand in the aftermath of the recession, over the past three years revenue has grown more strongly. Overall, the industry has fared better than specialty clothing stores because its products are often viewed as a necessity, and both industry wages and employment have increased over the five years to 2015. As consumer confidence improves, the industry is expected to continue its expansion through 2020, and stores numbers are expected to increase in response to improved demand. However, growth will slow late in this five-year period as the market reaches saturation and family clothing stores face stiffer competition from department stores and online retailers... purchase to read more
Industry Report - Industry Products Chapter
Participants in this industry carry products to clothe the entire family. Companies typically segment these items into three units: men's clothing, women's clothing and children's clothing.
Men's and women's apparel
Women's clothing is the highest-grossing segment for industry operators, accounting for an estimated 53.0% of industry revenue. This is more than double the share of men's apparel, which generates an estimated 24.1% of revenue. Women tend to purchase a wider variety of items to suit different occasions. Women's and men's clothing can be further categorized by its expected use, often divided into formal, casual and other apparel... purchase to read more