American Industry Overview: Men's and Boys' Underwear and Nightwear
Industry Snapshot
Throughout the first decade of the twenty-first century, a particularly important force shaped the $2.2 billion U.S. nightwear and underwear industry: economic globalization. As foreign competitors' share of the domestic market expanded throughout the first decade of the twenty-first century, U.S. firms adapted by basing an increasing share of their own production outside the United States. The passage of the North American Free Trade Agreement (NAFTA) and the Agreement on Textiles and Clothing (ATC) continued to bolster these trends. The ATC served as a 10-year transition period that ended...