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Men's Clothing Stores in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Men's Clothing Stores in Canada Market Research Report | NAICS 44811CA | May 2016

Wrinkled suit: Online sales will siphon demand from industry operators

IBISWorld’s Men's Clothing Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
15,559
Businesses
938
Industry Analysis & Industry Trends

High unemployment and falling disposable income levels prompted many consumers to scale back discretionary spending during the recession. Consequently, men's clothing stores experienced declining demand and many operators resorted to promotional and discount activity to bear the burden. Although the industry is forecast to improve over the five years to 2021, especially as operators strive to increase operational efficiency and cater to niche markets, the industry will experience an increase in external competition as international clothing retailers muscle in on the Canadian retail market... purchase to read more

Industry Report - Starting a New Business Chapter

Although the industry displays a low level of concentration, competing directly with major players and established brands can be difficult without substantial resources. Major players are also well versed within their segments of the market. For instance, Harry Rosen is expected to account for 40.0% of the luxury men's clothing market. This indicates that the company has a well-established brand with the added benefits of experienced staff and various distribution agreements.

The initial investment to establish a new retail outlet and investing in initial inventory may also be a barrier to entry. Moreover, there are no major regulatory or licence requirements to compete in the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Men's Clothing Stores Industry?

This industry retails 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.

Industry Products
ClothingFootwearAccessories
 
Industry Activities
Men's and boys' clothing accessories retailingMen's and boys' undergarments retailing, including socks and undershirtsMen's and boys' leather clothing retailingMen's and boys' gloves retailingMen's and boys' fur clothing retailingAltering men's and boys' clothing


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