Men's retail clothing represents a market segment with sales of over $8.8 Billion in 2015. That is a decrease from its peak during the 1990's when annual sales generally topped $10 Billion each year. It hit a trough in 2009 and 2010 at the depths of the recession, but has been steadily climbing since then.
Surprisingly, even though you often see South Florida men in very, very casual attire, there is an increasing movement to pay attention to men's fashion trends. A new study from a survey of business men and women say "a good suit can make the man look wealthier, smarter, nicer and definitely more successful".
While most will automatically jump to the conclusion that the only place to buy a nice suit and get it tailored to fit is a major department store - the statistics show a surprising movement toward men's specialty retail clothing stores - with a 20% increase in patronage. The trend seems to be based on a desire for a more personalized shopping environment, more specialized customer service, and more focused brands.
Today's program is about the men's retail clothing industry and one entrepreneur's journey from diesel mechanic to owner of a Wellington men's fashion store. Mr. Henry Mosley is the founder and CEO of HNM Menswear in Wellington, FL. His tag line is Fashion for Today's Man - and clearly it is hitting a local nerve judging by the number of customers that walk into his store every day.
FEATURED IN THIS EPISODE
Henry Mosley established HNM Menswear as a solution to his own shopping desires. The mission at HNM is to provide a personalized shopping experience in an environment drenched with male sensory and high quality products. If you do not find what you need in the store, Henry is ready to assist you. Here at HNM Menswear Henry strives for perfection when helping customers achieve the style and look they desire.
Bob Naples is a skilled crisis management consultant. He has experience negotiating bank lending agreements and served as team leader in acquisitions, bankruptcy management, as a senior auditor for a Big-5 CPA firm, and as principal in a private equity banking organization. He has had a long and varied career as CEO, COO and CFO of medium and large multi-national corporations, in such fields as pharmaceuticals, consumer products, printing, hydraulics, education, and broadcasting. He capped his career as CEO of The Brown Schools (psychiatric hospitals and emotional growth boarding institutions).
Palm Beach SCORE
Palm Beach SCORE is a non-profit who's mission is helping local small businesses, startups and entrepreneurs grow and thrive by offering mentoring, workshops, business consulting and counseling services, networking opportunities, events and partnerships within the Palm Beach / South Florida business corridor.
SCORE-ing Your Business' host Penny Pompei serves as Chapter Chair for our local Palm Beach SCORE Chapter #224, located in beautiful downtown West Palm Beach.