Wall Street sees casualwear boom continuing

Wall Street analysts are confident that the trend toward casual clothing will continue, helping the stocks of Tommy Hilfiger Corp and Nautica Enterprises Inc in particular. Basic clothing is also expected to see solid growth and two bankruptcies in the tailored clothing and dress shirt sector will help stabilize that market through reduced competition. However, as more people wear casual clothes to work, the market for dress clothing shrinks.
NEW YORK (FNS) -- Wall Street expects casualwear to continue to set the pace for the men's wear industry over the next few years. Of the public companies, Tommy Hilfiger [...]