Men's Clothing Stores in Canada
The Men's Clothing Stores industry in Canada comprises retail stores that sell exclusively men's apparel and footwear. Services may also include basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves. Over the five years to 2018, operators in the industry have had to contend with mounting external competition. While the economy has grown in recent years, rising price competition from online retailers has exacerbated bargain-seeking consumer trends that have persisted since the economic downturn. In response, many operators resorted to offering customers promotions and discounts to bear the burden, forcing many smaller companies to exit the industry. Over the five years to 2023, industry operators will benefit from increasing disposable income levels. Nonetheless, industry operators will likely experience an increase in external competition over the next five years, as international clothing retailers muscle in on the Canadian retail market.
Operators in this industry retail a general line of new men’s and boys’ suits, formal wear, shirts, T-shirts, casual slacks, jeans, sport coats, blazers, sports apparel, sweaters, overcoats, raincoats and accessories. Services may also include 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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