The Menswear Stores industry has struggled with difficult retail conditions over the past five years, as weak consumer sentiment, subdued demand and fierce competition have constrained revenue and eroded profitability. Over the five years through 2014-15, industry revenue is expected to decline by an annualised 1.0%, to $2.88 billion. Instability in financial markets caused significant volatility in consumer sentiment over the five-year period. Due to widespread economic uncertainty, consumers have become increasingly price-conscious, and have scaled back expenditure on non-essential, discretionary goods.
Companies in this industry retail men’s clothing. This includes both specialist men’s clothing stores, and sales of men’s clothing by unisex specialist clothing retailers. The industry excludes department stores and online sales of menswear.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.