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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 | Jun 2014

Well suited: Increasing employment and disposable income will drive demand for industry products

IBISWorld’s Men's Clothing Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
1.5%
Annual Growth 14-19
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Profit
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Employment
16,083
Businesses
1,564
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 2019, 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 - Industry Products Chapter

Suits and formal wear

The industry's largest product segment in the industry is suit and formal wear, which commands an estimated 29.1% of industry revenue. Suit and formal wear includes business suits, tuxedos, tailored and dress slacks, and dress shirts. Revenue derived from formal wear rental, such as tuxedos, was excluded from the industry. During the recession, men postponed suit and formal wear purchases due to high unemployment. Over the past five years, this segment's share of industry revenue experienced decline as the trend toward business casual dress continues to increase.

Shirts and slacks

The next largest product segment, shirts and T-shirts, grew over the past five years due to the rising prevalence of casual dress in the workplace... 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
Suits and formal wearShirts and T-shirtsCasual slacks and jeansSports apparel and sweatersOvercoats and raincoatsSports coats and blazers
 
Industry Activities
Men's and boy's clothing accessories retailingMen's and boy's undergarments retailing, including socks and undershirtsMen's and boy's leather clothing retailingMen's and boy's gloves retailingMen's and boy's fur clothing retailingAltering men's and boy's clothing


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