Deep Dive 12 minutes PremiumUS Businesswear Market: Working from Home Accelerates Casualization, Hitting the Formal Clothing Market Coresight Research October 1, 2020 What's InsideThe rapid shift toward working from home in the wake of the coronavirus pandemic has accelerated the longstanding casualization trend in US workplace dress codes, with significant impacts for the formal businesswear market. We discuss the following key topics: The current US businesswear market—including the scope of different formal apparel categories and the impact of coronavirus-related shifts to working from home on brands and retailers including Ann Taylor, Brooks Brothers and Tailored Brands. The future of the businesswear market, including the increased popularity of work-leisure clothing and technology innovations in businesswear. Opportunities for growth in the declining market—such as DTC and online sales and subscription/rental business models, with examples from brands including Indochina and Rent the Runway. For more insight into the US retail industry, read our previous deep dive report on US Home-Improvement E-Commerce here. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Three Data Points We’re Watching This WeekUS Apparel and Beauty Spending Tracker: December 2022 Clothing and Footwear Spending Jumps 6% Year over YearUS Back to School 2023: Retail Outlook—Macro Context and Consumer PlansRetail Around the World: Singles’ Day 2024—Coresight Research Observations
