This NAICS Industry Group includes establishments classified in the following NAICS industries: 23411, Highway and Street Construction; and 23412, Bridge and Tunnel Construction.
The Women's, Misses', Children's, and Infants' Underwear industry, categorized under NAICS 2341, has been experiencing several notable qualitative trends. Sustainability has become a significant focus, with companies increasingly adopting eco-friendly materials and manufacturing processes. There is a growing consumer demand for organic cotton, recycled fibers, and biodegradable packaging, as customers become more environmentally conscious.
Comfort and functionality are also gaining prominence, driven by the rise in work-from-home arrangements and active lifestyles. Brands are investing in seamless designs, moisture-wicking fabrics, and adaptive fits that cater to diverse body types. Additionally, inclusivity in sizing and marketing is crucial, with many companies expanding their product lines to reflect a broader range of body shapes and skin tones.
Technological integration is another trend shaping the industry, with advancements in smart textiles and wearables. These innovations offer enhanced features such as temperature regulation and health monitoring, appealing to tech-savvy consumers. E-commerce continues to dominate retail channels, accelerated by the pandemic, pushing brands to enhance their online presence, personalization, and virtual fitting solutions.
In the near future, these trends are expected to strengthen, with sustainability and inclusivity becoming non-negotiable industry standards. The emphasis on comfort and functionality will likely drive further innovation in fabric technology and design. As digital transformation continues, brands will increasingly leverage data analytics and artificial intelligence to optimize customer experience and supply chain efficiency.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.