$198.7bn
$X.Xbn
993k
45,115
$XX.Xbn
The Family Clothing Stores industry has faced notable challenges in recent years. The shifting retail landscape has expanded luxury and specialty stores, drawing consumers away from traditional malls and long-standing retailers. Major retailers that once dominated the market have struggled to keep pace, impacting industry revenue. Despite these hurdles, the industry has managed a steady boost at a CAGR of 2.0% to $198.7 billion, including an climb of 2.3% in 2024 alone.
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $198.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Ross Stores, Inc. | 19,865.0 | 79.7 | 0.4 | |
The TJX Companies Inc. | 19,626.5 | 2,349.1 | 12.0 | |
Gap, Inc. | 5,392.6 | 262.3 | 4.9 |
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Industry revenue is measured across several distinct product and services lines, including Men's clothing, Women's clothing and Children's clothing. Men's clothing is the largest segment of the Family Clothing Stores in the US.
Women's clothing generates high-volume sales with diverse product offerings
Family clothing retailers stock a general line of new clothing for men, women and children without specializing in apparel for a particular gender or age group. Additional services include basic alterations such as hemming, taking in or letting out seams and lengthening or shortening sleeves.
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NAICS 44814 - Family Clothing Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
E-commerce platforms have transformed the Family Clothing Stores industry. As online sales continue to expand, family clothing stores must innovate in digital presence and in...
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Athleisure trends have shifted consumer preferences for family clothing products. As casual wear has become more popular, demand for formal wear has decreased.
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Family clothing stores largely follow the US population. This is similar to most retailing industries since consumers are the primary market.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Internal competition is strong because of the large number of small players. Also, businesses face significant external competition from online retailers and discount departm...
Learn about the performance of the top companies in the industry.
Gap has benefitted from brand recognition as consumers of all demographics are familiar with the company name. The company has also stayed relevant by expanding its product l...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Family clothing stores must adhere to all common employment and safety regulations. However, they are not subject to many industry-specific regulations.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit varies between family clothing stores. Differing operational efficiencies, store locations and other factors like management, marketing and customer service quality co...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Family Clothing Stores in the US industry in United States is $198.7bn in 2024.
There are 45,115 businesses in the Family Clothing Stores in the US industry in United States, which has grown at a CAGR of 5.8 % between 2019 and 2024.
The market size of the Family Clothing Stores in the US industry in United States has been growing at a CAGR of 2.0 % between 2019 and 2024.
Over the next five years, the Family Clothing Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Family Clothing Stores market in United States are Ross Stores, Inc., The TJX Companies Inc. and Gap, Inc.
Men's clothing and Women's clothing are part of the Family Clothing Stores in the US industry.
The company holding the most market share in United States is Ross Stores, Inc..
The level of competition is high and steady in the Family Clothing Stores in the US industry in United States.