Designers Hilfiger and Reid explain the growth in the menswear fashion business

When it comes to fashion week, women's clothing is usually front and center on the catwalk. However, over the past few years, menswear has slowly gained in popularity and it has become a $53 billion dollar business in the U.S. alone.

Menswear designers Tommy Hilfiger and Billy Reid are very familiar with the explosive growth of the industry.

"Years ago, it was maybe 80 percent women's and 20 percent men's for a lot of designers," Hilfiger tells Alina Cho. "Now, we're about 50/50."

Both Hilfiger and Reid explain why they think the menswear industry is growing with Cho on American Morning today.