Published on : Apr 19, 2018
Albany, New York, April 19, 2018: In the present time, rising number of male shoppers has created significant opportunities for the men’s clothing industry. Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Mens Clothing-Us-April 2018” to its vast archive. The study offers comprehensive analysis and forecast on the future direction of this market. A profiling of key companies operating in this sector is also offered to readers. For a clear understanding, the report provides analysis on the basis of consumer preference, brand research and key player’s innovations.
Major Insights and Forecast Assumptions
In the first part, the study begins with a brief market overview of men’s clothing covering men’s shopping behaviors and attitudes toward shopping for clothing for themselves. The report also gives insights into the issues regarding the clothing market and their standing in the particular region. This subsequent section of the report focusses to offer an optimistic outlook for the next five years and also gives information about the market drivers and opportunities. The market has been forecasted based on retail sales of mens clothing in the U.S. from 2018 to 2023, considering 2017 as the base year.
Today, the menswear market has an array of different categories like activewear, casual wear, outerwear, formalwear, and essentials. They come in a wider variety of colors and styles which make them more appealing. Since most men are strategic shoppers, many are likely choosing to buy clothes wherever makes the most sense, whether motivated by price or convenience or ability to fulfill other shopping needs, either for themselves or others.
Some of the prime findings from the study include-
- Considering the market current scenario, the research finds that sales of men’s clothing are expected grow at a faster pace in the coming years. Population growth among core shoppers complemented by positive market factors will continue to fuel sales. Other market factors include higher income could result in more dollars spent on the category, multicultural growth could lead to a stronger interest in clothing and Increased access to the internet will impact how consumers shop.
- Moreover, the research finds that a change in dressing creates a shift in the market share. Retailers that offer a unique and personalized way of narrowing choices could distinguish themselves against competitors and connect with male shoppers. The researchers also add that pouring incremental sales through personalized assistance and new sales events.
- The report also looks at the current trends available and impacting the market positively, such as Amazon heats up the clothing market, while shopping for a cause is giving men a reason to shop certain brands.
Overall, the report on mens clothing in the US is a valuable source of guidance and information for stakeholders looking to analyze the performance in 2017. Projections on the growth of the market in 2018 can also help stakeholders in formulating their strategies.
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