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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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 license 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
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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