Men’s Fashion

The menswear market is growing faster than women’s fashion. It has reached $60.8 billion and is growing at a consistent rate of 5%. Fashion-oriented male millennials are a big factor in this equation. Pants and socks sales have increase by $4.8 billion and $2.8 billion, respectively. Additionally, as climates are turning colder, the sales of men's outerwear have grown by 12%. Similar to the women’s fashion market, online sales have a substantial share in this market at 14% and growing. Interestingly, specialty stores and luxury apparel have had the highest market share in the market at $15.8 billion.