WWD asked industry figures the following questions: What is going to be the driver of your business in the next six months? Where do you see the menswear market moving?
We expect the driving force to be primarily special-occasion needs where we outfit wedding parties, guests attending weddings and young men attending proms.
There will also be a bigger emphasis on sustainability with menswear. From recycled and upcycled fabric to thoughtful packaging, every element is important and carefully considered by customers prior to purchasing. We are still seeing a strong trend in dress wear. We believe the increased demand will hold through spring and start to normalize in fall. While core is still the foundation of our business, we are seeing a strong demand for fashion too. This includes vibrant colors, bold patterns and new silhouettes. The double-breasted suit and sport coat, which have a great history with Peerless, are items we feel strongly about. We are also continuing to see soft and more relaxed fits.
We have built our business on the values of variety, transparency and reliability. These same values will continue to lead to our growth in 2023.
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