Strong suit: Industry revenue rises as firms establish and develop ecommerce platforms

The Menswear Stores industry has grown over the past five years. The industry has generally fared better than the Womenswear Stores industry over the period, as men's attitudes towards fashion and their appearance have shifted. In particular, younger male consumers are becoming increasingly concerned about their appearance, boosting demand for industry goods. As a result, more major retailers have started catering to the men's market over the past five years. Additionally, traditional bricks-and-mortar operators have increasingly invested in ecommerce platforms over the period, providing new growth opportunities. Industry revenue is expected to rise at an annualised 2.3% over the five years through 2018-19, to $3.9 billion. This result includes anticipated growth of more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Industry operators have developed ecommerce platforms to benefit from the online shopping boom
  • The industry has faced strong internal and external competition over the past five years
  • Disposable income growth is forecast to encourage spending on suits, ties and shirts
  • Industry Report - Industry Key Buyers Chapter

    The Menswear Stores industry exhibits low market share concentration, with the top four players accounting for less than 40% of industry revenue. Industry competition is fierce and a large variety of menswear stores target different consumer markets. As such, while major operators participate in the industry, no individual company is a dominant player. The largest menswear firms are Retail Apparel Group, which has four brands marketing smart casual menswear to different age groups, and Lowes Menswear, which is positioned as an affordable retailer. Unisex clothing retailers such as Cotton On and Just Jeans are bigger chains Australia-wide, but contribute less to industry revenue, as their womenswear ranges tend to be more lucrative. Mar...purchase to read more.

    Additional Insights for the Menswear Stores Industry

    IBISWorld has determined the most important Key Success Factors for the Menswear Stores are:

  • Ability to control stock on hand
  • Having a clear market position
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household disposable income in the Menswear Stores industry impact industry performance..

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    What's in this report

    What is the Menswear Stores Industry?

    Industry firms retail men’s clothing. The industry 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-only sales of menswear.

    Industry Products
  • Suits
  • Shirts
  • T-shirts and singlets
  • Trousers and jeans
  • Coats, jackets and sweaters
  • Accessories
  • Industry Activities
  • Men's clothing retailing
  • Men's accessory retailing
  • Men's sports clothing retailing
  • Men's fur and leather clothing retailing
  • Men's work clothing and uniform retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household disposable income
  • Demand from department stores
  • Demand from online shopping
  • Male population aged 18 and older

  • Current Performance
  • Consumer trends
  • Competition
  • Profit and wages
  • Participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing competition
  • Consolidation trends
  • Profit and wages
  • Table: Menswear Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Menswear Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing Wholesaling
  • Knitted Product Manufacturing
  • Leather and Leather Substitute Product Manufacturing
  • Men's and Boys' Wear Manufacturing
  • Sleepwear, Underwear and Infant Clothing Manufacturing
  • Tailoring and Clothing Accessories Manufacturing

  • Products & Services
  • Shirts
  • Trousers and jeans
  • Coats, jackets and sweaters
  • Accessories
  • Suits
  • T-shirts and singlets
  • Chart: Menswear Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Menswear Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Menswear Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Menswear Stores Industry

  • Industry Globalization
    TFG Retailers Pty Ltd, Lowes-Manhattan Pty Ltd,
  • Table: TFG Retailers Pty Ltd - financial performance
  • Table: Lowes-Manhattan Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Menswear Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Menswear Stores Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical presence and location, as opposed to an online-only retailer that operates via a website.
  • Point Of Sale (Pos)
  • Technology that incorporates a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • Radio Frequency Identification (Rfid)
  • Wireless computer chips that can track products through the supply chain and contain information about source, destination and price.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Menswear Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Menswear Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Menswear Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Menswear Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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