KUALA LUMPUR, March 31 (Bernama) -- In 2014, menswear grew by 4.5
percent reaching US$440 billion (RM1.6 trillion) in sales compared with
3.7 percent in womenswear with US$662 billion (RM2.4 trillion).
Men's shirt, jeans, jackets and coats were forecasted to be the top
performers between 2014-2019, as reported in Euromonitor International
research result on apparel and footwear industry.
The Market Research Company Euromonitor International in a statement
issued today in London said, by 2019, Menswear would contribute close to
US$40 billion (RM148 billion) in the global apparel market, offering
opportunities for category development.
Brands traditionally focused on Womenswear have now started opening
separate Menswear stores, while department stores are starting to revamp
Menswear areas.
A number of luxury market, which remains underexploited for men's
fashion such as Burberry and Zara have opened a standalone Menswear
stores to take advantage of the growing trend.
"Globally, men's annual disposable income is still 50 percent higher
than women's and while Western markets still spend the most on apparel,
future growth is expected to be driven by Asia Pacific," Magdalena
Kondej, Head of Apparel and Footwear research said.
"It is in that perspective that New York will launch its first menswear
fashion week in July 2015, following London's path in 2012," added
Kondej.
To learn more about Euromonitor International's Apparel and Footwear
research visit: http://blog.euromonitor.com/clothing-and-footwear/
-- BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1121713
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