You can try the following:

• scale your figure down to 90 percent x and z scale

• scale your clothing item down the same amount or a bit less - fit it to the figure and export the object.

• reload the object - make a ten frame simulation with rescaling the figure to 100 percent

• calculate the simulation - the result should be a tight fight

This works only sometimes - I found that if the clothing prop is parented to the figure, it will be scaled automatically and the effect is zero. But its worth a try.