men-spending-on-fashion

men-spending-on-fashion

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Click this link to get this post sent to U as PDFEnter your valid Email AddressMen Are Spending Money on Luxury Accessories Men Are Spending Money on Fashion Accessories This post Men Spending on Fashion, was inspired by an article by Marissa Stempien for Fashion Editor,  JustLuxe.com entitled; “You Won’t Believe How Much Money Men Are […]
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Men Are Spending Money on Luxury Accessories

Men Are Spending Money on Fashion Accessories


This post Men Spending on Fashion, was inspired by an article

by Marissa Stempien for Fashion Editor,  JustLuxe.com entitled;

“You Won’t Believe How Much Money Men Are Spending on

Accessories This Year.”  


The article caught my attention because I have heard Steve

Harvey, on several occasions speaking on his clothing line and

accessories and about the number of celebrities who are

influenced by his attention to fashion.


I really like the article it gave me an understanding of men’s

buying habits and where their money is being spent.


According to the article jewelry and watches, has the lion share

of the market which is up 12 percent from last year.  Jewelry had

sales of about $3.7 billion.


Closely behind was watches with about $3.2 billion in sales and a

seven percent growth. Sunglasses was next with $2 billion of 

sales which represent a 10 percent growth.


The greatest percentage increase was bag sales which was up a

whopping 24 percent with $1.9 billion in sales, other accessories

such as umbrellas, gloves and belts brought in about $1.6 billion

 in sales, an increase of six percent from last year.


In her article Ms. Stempien, cited a study by the NPD Group and

reported by WWD, that, “it seems that the men’s accessories

market has been gaining quite a bit of momentum over the last 12

months with $14.1 billion spent overall from September 2013 to

August 2014.” The figure was a 10 percent increase from the

previous year.


The article went to to state that traditionally Ladies are more

readily willing to dish out extra cash to pick up the most up-to-

date looks, but it seems like guys are starting to come around to

their way of thinking.

Men spending on Luxury Accessories

FERI MOSH Exotic Collection – Ambrogio Wallet


So much that the industry is now about $14.1 billion and growing

and improving with new brands, accessory lines.


Over the past few years the men’s fashion market has been

continually growing and improving with new brands, accessory

lines, collaborations and artistic direction, and it’s clearly gained

a following$14.1 billion worth.  


This is music to the ears of independent luxury consultants of  

brands like FERI, FERI MOSH luxury designer lines a Canadian 

luxury designer fashion house with most of the things men are 

now spending money on.  This opens up a huge opportunity for

companies with unique products. 

Men Spending on Fashion

FERI MOSH Exotic Goods – Chocolate Brown Python – Key Ring


$14 billion is no chump change but it is only a small percentage

of what women spends.  


“Today, more men are looking to stand out in a crowd, and

accessories are a way to make a bold statement without having to

overhaul their wardrobes,” said Marshal Cohen, chief industry

analyst, of the NPD Group, earlier this year.    

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