CFDA Says Menswear Will Gross $40 Billion By 2019
Photo: WENN
Fashion analysts should be pleased with the latest data released on the apparel and footwear industry. According to Euromonitor International’s new information, the menswear industry has grown by leaps and bounds by 4.5 percent ($440 billion), as of 2014. This is in comparison to the 3.7 percent growth in womenswear with $662 billion.
The statisticians believe that the growing focus on personal appearance “combined with large disposable incomes” will allow the menswear industry to contribute close to $40 billion in the global apparel market by 2019. “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,” said Head of Apparel and Footwear research, Magdalena Kondej in the survey.
Specifically, jeans, jackets, and coats worn by men are forecasted to be the top performers between 2014-2019, as well as men’s shirts.
Traditionally, brands such as Prada, Gucci, and Dior have focused almost exclusively on womenswear, but now with the trends changing, these companies and others have begun to open separate menswear stores. Department stores are also looking to cater to a male demographic by revamping its menswear areas. Lacoste most recently entertained StyleBlazer and showed off its updated menswear apparel, which we’re excited to see hit the streets this fall.
Other brands such as Burberry and Zara have entertained the idea of opening standalone menswear stores to take advantage of the changing tides within the fashion industry. “Menswear presents a great opportunity for fashion brands looking to diversify their product portfolios and reach out to new consumers,” added Kondej. “The more effectively brands are able to harness wealth and unique consumption cultures of male consumers, the more successful they will be. It is in that perspective that New York will launch its first menswear fashion week in July 2015, following London’s path in 2012.
Such exciting times for men will certainly propel fresh faces and new personalities into the fashion industry marketplace, you think?! If interested to learn more about Euromonitor International’s Apparel and Footwear research, please visit this link for more information.
With that in mind, we take a look at 15 highly respected men and menswear lines in fashion.
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Yesterday marked the release of G-Eazy‘s Lady Killers III. A fresh rendition of his explosive viral hit originally dropped in 2012. The recent success of the remix underscores the timeless appeal of G-Eazy’s music and his ability to resonate with audiences across different generations. Teaming up with veteran producers MD$, Tane, and music artist Goody Grace, along with his long-time collaborator Christoph Andersson, G-Eazy breathes new life into the beloved track. This remix comes amidst a surge in the song’s popularity, reaching impressive positions on various charts and platforms. G-Eazy spoke on the remix:
It feels like there’s a big wave of nostalgia going on right now, and I wanted to tap into that.
In addition to the remix, G-Eazy recently unveiled his latest single Femme Fatale, featuring Coi Leray and Kaliii. This release marks his return to the music scene after a year-long hiatus, showcasing his diverse musical influences and artistic evolution. With an impressive track record of platinum-certified albums and chart-topping singles, G-Eazy continues to solidify his position as a multi-faceted artist and influential figure in the music industry. Experience the revitalized energy of “Lady Killers III” by listening to the track here and watching the visualizer below. Don’t miss out on G-Eazy’s latest musical endeavors that promise to captivate audiences and ignite a new wave of appreciation for his artistry.
Prepare for a sonic revolution as Moneybagg Yo, the revered Memphis native, announces the release date for his highly anticipated album, Speak Now. Set to drop on May 24th this album marks Bagg’s eleventh solo project, following the monumental success of his previous albums. With a fusion of street sensibilities and modern trap influences, Bagg’s music resonates with audiences worldwide, solidifying his position as a rap titan. Moneybagg Yo shares:
‘Speak Now’ represents a new chapter in my journey as an artist. It’s a testament to my growth and evolution, both as a musician and as a person. I poured my heart and soul into this album, and I can’t wait for my fans to experience it.
Hip Hop Weekly hailed Moneybagg Yo as:
A versatile voice in hip-hop, blending authenticity with innovation to create music that transcends genres.
Collaboration has been instrumental in shaping the sound and style of “Speak Now,” with Moneybagg Yo joining forces with a diverse array of artists and producers. From his chart-topping collaborations with Future, Lil Durk, and Polo G to his solo hits like Wockesha and Time Today, Moneybagg Yo’s music is a testament to the power of collaboration. As the release date approaches, anticipation mounts for the unveiling of “Speak Now” and the opportunity to witness Bagg’s unparalleled talent in action. Stay tuned for the release of the album and join Moneybagg Yo’s musical journey by following him on Facebook, YouTube, Twitter, Instagram, and TikTok. Watch the official video to Bussin featuring Rob49 below.
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