Family Clothing Stores in Canada
The Family Clothing Stores industry in Canada has fared well over the five years to 2018 as rising per capita disposable income and increasing consumer confidence levels have stimulated consumer demand for industry products. As consumer spending on clothing has risen, the industry has experienced healthy revenue gains. Over the five years to 2023, the industry is expected to experience continued growth, albeit at a slower pace than during the previous five-year period. As economic conditions are expected to continue to improve and per capita disposable income is anticipated to rise further, shoppers will increasingly purchase clothes for fashion rather than just function.
Stores participating in this industry specialize in retailing new clothing for men, women and children, without specializing in sales for an individual gender or age group. These establishments may also provide, but not focus in, basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook