How many men’s suits were sold in the United States last year?
1. Estimate the population of the United States.
2. Cut that in half to get the number of men.
3. Determine how many men are employed in occupations which require business attire.
4. Determine how many suits the average business attire employee would have purchased (due to weather, fashion changes, cleanings, wear, and so on).
5. Assume (or ask) a number of suits that those men not employed in business attire jobs purchased for religious, social, or other reasons.
6. Sum up the number and present your answer.
The population of the United States: 270 million (or 300 million, to round up).
Half are men – so 150 million.
Let’s say two-thirds are employed.
150 million x 2/3 = 100 million.
Assume every employed man owns one suit = 100 million suits.
Estimate that about a quarter of men are in a field where they must own more than one suit.
If each of those men has an additional two suits, 25 million men x 2 additional suits = 50 million suits.
150 million suits in the United States.
How often does the average suit-owner replace a suit? Perhaps once every three years.
There are 50 million suits sold every year in the United States.