Handbag, Luggage & Accessory Stores in Canada
The Handbag, Luggage and Accessory Stores industry in Canada comprises establishments that primarily retail luggage, handbags and a variety of accessory products for men and women. Over the five years to 2018, the industry has experienced tepid performance in response to rising competition from external competitors. Consumers have increasingly shifted to e-tailers, siphoning dollars away from brick-and-mortar retailers. As a result of increasing external competition and lower industry demand, some operators have been forced to consolidate or exit the industry entirely. Over the five years to 2023, IBISWorld expects that the same drivers will continue to negatively affect the industry. As the percentage of sales taking place online continues to rise, competition from e-tailers and mass merchandisers will pressure demand for industry products.
This industry includes specialty retailers that predominantly sell handbags, luggage, briefcases and clothing accessories such as hats, wallets and neckwear. While some establishments may also sell apparel or footwear, such sales are not included in this industry.
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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