Trend Update: Denim, Accessories Drive Better Menswear Market
August 07, 2006 (PRLEAP.COM) Business News
Demand for jeans and accessories are driving the better retail business, while suit sales continue to level off, according to exclusive 90-day trend figures from Blacks Retail Analysis (www.BlacksRetailAnalysis.com). Denim sales soared over 70%* in the three months ended June 30, while sales of suits inched up a mere 0.16%, Blacks reveals.
“The casual dressing trend continues to march on. This trend is not new and there is no reason or data to indicate a change in direction,” said Blacks Senior Consultant Steve Pruitt.
However, there is a movement toward cleaner looks in casual, which will lead to greater acceptance of laid-back dressing in the workplace, Pruitt added.
As men turn away from suits, sales of dress shirts and neckwear have also been affected. Neckwear sales dropped 8.5% compared to the same period last year, while sales of dress shirts posted a slim 1.2% gain.
Jackets and outerwear fared better, with a 20% gain in the 90-day period, thanks to the continued popularity of the casual, constructed jacket paired with sport-casual pants.
“This look moves casual dressing across almost all boundaries. Pair the casual jacket and sport pant with a fancy pocket square and you’ll have a well-dressed man,” Pruitt said.
Look for fancy belts and shoes to tie the look together, he added.
*All figures represent year-over-year comparisons