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Please contact your IBISWorld Client Relationship Manager for information regarding your account. Suit up: Bolstered by economic gains, demand for men's apparel is expected to grow. The Men's Clothing Stores industry grew over the five years toas unemployment plummeted and per capita disposable income increased. When employment levels suffer and job security becomes less reliable, men have less incentive to purchase work-related attire. Furthermore, low employment is often indicative of other unfavorable macroeconomic conditions. For example, what mens by steel structures largest us currency employment is low, consumer confidence and disposable income are also likely to be low, which will cause shoppers to tighten their purse strings at industry establishments. The operating landscape for industry players has changed over the five-year period, as the online retail space continues to develop and consumer preferences shift The Men's Clothing Stores industry exhibits a low level of market share concentration, with the top two players accounting for Major player concentration has increased sincewith acquisitions and mergers facilitating such conditions. For example, Tailored Brands Inc. Bank insignificantly increasing its share of the market and making it the only major player within the industry. Rising market share is a common attribute for an industry in the mature stage of its life cycle. However, expansion for this industry is traditionally limited because most major retailers will expand to offer clothing for women and children, which effectively removes them from what mens by steel structures largest us currency industry. IBISWorld identifies Key Success Factors for a business. The most important for the Men's Clothing Stores Industry are Ability to control stock on hand Having a clear market position Establishment of brand names. IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Men's Clothing Stores industry impact industry performance Operators may also offer custom suits and other clothing through alterations such as hemming, taking in or letting out seams and lengthening or shortening sleeves.
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