Family Clothing Stores in Canada
The Family Clothing Stores industry in Canada has fared well over the five years to 2019, 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. Key external drivers have experienced growth over the past five years and strong economic performance has led to increased demand for industry products. As consumers have gained confidence in the economy, they have been more willing to spend money, benefiting the industry. Over the five years to 2024, the industry is expected to continue its growth, albeit at a slower pace than during the previous five-year period. As economic conditions are expected to continue improving and per capita disposable income is anticipated to rise further, shoppers will increasingly purchase clothes for fashion rather than function.
Operators participating in the Family Clothing Stores industry in Canada specialize in retailing new clothing for men, women and children, without specializing in sales for an individual gender or age group. These operators 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.
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