Formal Menswear Retailing in Australia - Market Research Report

Formal Menswear Retailing industry trends (2014-2019)

poll Average industry growth 2014–2019: 2.2%

Revenue growth in the Formal Menswear Retailing industry has been stable over the past five years. The rising prominence of office-based work has fuelled demand for industry products over the period. The increasing wealth of Australian consumers, the declining cost of formal menswear, and consumers' increased access to information and options regarding men's fashion online have boosted demand. A gap in the menswear market has led prominent industry players to add custom-made tailoring to their product ranges, which has been well received by consumers. Growth in demand has brought new players to the industry and prompted operators to expand their store networks. Industry revenue is expected to rise at an annualised 2.2% over the five years through 201...
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Formal Menswear Retailing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Formal Menswear Retailing industry is forecast to perform well over the next five years. Projected growth in household disposable income and more choice for male shoppers in their clothing purchases will strengthen retail demand over the period. As a result, industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to $XX.X million. The increasingly common practice of sourcing formal menswear from cheaper manufacturers is anticipated to continue increasing the affordability of industry products. The resulting growth in demand is projected to encourage new players into the industry. Foreign companies are anticipated to expand into Australia, while new firms are likely to enter the industry due to rising demand...
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Formal Menswear Retailing industry statistics

  • attach_money Market Size: $368m
  • business Number of Businesses: 654
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 1,963

Biggest companies in the Formal Menswear Retailing industry

The companies holding the largest market share in the Formal Menswear Retailing in Australia industry include Princeton Apparel Pty Ltd.

  • pie_chart Princeton Apparel Pty Ltd Market Share: x.x%
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What is Formal Menswear Retailing industry?

Industry Definition

Industry operators primarily retail formal menswear such as suits, shirts, ties and jackets. Retailers can operate as brick-and-mortar retailers, online-only retailers or a combination of both.

Industry Products and Services

  • Suits and formal wear
  • Dress shirts
  • Coats
  • Shoes
  • Accessories

Industry Activities

  • Men's suit retailing
  • Men's coat retailing
  • Men's formal shoe retailing
  • Men's formal shirt retailing

Market research report - table of contents

Industry Definition

Industry operators primarily retail formal menswear such as suits, shirts, ties and jackets. Retailers can operate as brick-and-mortar retailers, online-only retailers or a combination of both.

Main Activities

  • Men's suit retailing
  • Men's coat retailing
  • Men's formal shoe retailing
  • Men's formal shirt retailing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Real household disposable income influences demand for formal menswear. An increase in household income provides consumers with greater purchasing power t...
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Real household disposable income
Male population aged 18 and older
Consumer sentiment index
Total number of non-manual employees in the workforce

Current Performance

Purchasing power
Demand trends
Competition
 Chart: Revenue Growth

Industry Outlook

Styles of the future
Competition
 Table: Formal Menswear Retailing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Formal Menswear Retailing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Men's and Boys' Wear Manufacturing in Australia
Tailoring and Clothing Accessories Manufacturing in Australia
Footwear Manufacturing in Australia
Clothing Wholesaling in Australia
Leather and Leather Substitute Product Manufacturing in Australia


Products & Services

Operators in the Formal Menswear Retailing industry offer a diverse range of menswear that includes suits, dress shirts, coats, shoes and accessories. The...
Consumers aged 15 to 34
Consumers aged 35 to 54




Demand Determinants

Trends in real household disposable income, consumer sentiment and fashion trends drive consumer demand for formal menswear. Other factors that affect dem...
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Major Markets

Consumers aged 15 to 34
Consumers aged 35 to 54





 Chart: Major Market Segmentation for the Formal Menswear Retailing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

Market share concentration in the industry is low. The industry's top three players are expected to account for under 20% of the market in 2018-19. The in...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Formal Menswear Retailing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Formal Menswear Retailing in Australia - Market Research Report Industry

Industry Globalization

Princeton Apparel Pty Ltd operates in the industry through its subsidiary Heritage Clothing Company Pty Ltd, which trades as Peter Jackson. Peter Jackson ...
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Peter Jackson

 Table: Peter Jackson - financial performance

Capital Intensity

The industry exhibits a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $8.33 is spent on wages. The ind...
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 Chart: Level of Capital Intensity for the Formal Menswear Retailing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Formal Menswear Retailing in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Formal Menswear Retailing industry?

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This report on Formal Menswear Retailing in Australia:

  • 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 Formal Menswear Retailing in Australia 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 Formal Menswear Retailing in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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