The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
While menswear remains a fraction of the size of womenswear departments; it’s seeing new momentum. Men looking for both loungewear and pieces for social events are driving up demand in the category, and brands are responding with launches, relaunches and dedicated menswear stores. Euromonitor projects the category will grow faster than womenswear over the next four years, expanding to $547.9 billion by 2026, at an average annual growth rate of 5.8 percent, compared to 5.3 percent for womenswear.
“I think one big [factor driving this trend is] the casualisation of the menswear sector,” said BoF editorial associate Daniel-Yaw Miller. “Then a whole range of different trends in terms of how men engage with fashion and people who buy menswear engage with fashion.”
On the latest edition of BoF LIVE, BoF’s Cathaleen Chen and Miller are joined by industry insiders Chris Black, founder of Done to Death Projects and Christopher Morency, chief brand officer of Nanushka-owner Vanguards, to unpack what’s driving the unprecedented menswear boom.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.