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Family Clothing Stores in Canada: Market Research Report

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

Family Clothing Stores in Canada Market Research Report | NAICS 44814CA | Dec 2015

Fashion statement: Rising incomes will boost discretionary clothing purchases and drive growth

IBISWorld’s Family Clothing Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 10-15
3.2%
Annual Growth 15-20
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Profit
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Employment
59,689
Businesses
2,865
Industry Analysis & Industry Trends

Though the Family Clothing Stores industry experienced years of weakened demand in the aftermath of the recession, over the past three years revenue has grown more strongly. Overall, the industry has fared better than specialty clothing stores because its products are often viewed as a necessity, and both industry wages and employment have increased over the five years to 2015. As consumer confidence improves, the industry is expected to continue its expansion through 2020, and stores numbers are expected to increase in response to improved demand. However, growth will slow late in this five-year period as the market reaches saturation and family clothing stores face stiffer competition from department stores and online retailers... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry for the Family Clothing Stores industry are moderate. While no specific regulations exist, barring new entrants from establishing operations within the industry, the competitive landscape may be difficult to navigate. Initial costs for setting up a retail store can be high. Rent, inventory and hardware all represent fixed costs that must be absorbed by an operator before any revenue is generated. Securing funding or investments can pose a barrier to entry for some retailers.

Supply contracts with wholesalers and importers can also pose a hurdle for new shop owners. Established operators often have contracts with upstream operators that limit styles available to other operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Family Clothing Stores Industry?

Stores participating in this industry specialize in retailing new clothing for men, women and children, without specializing in sales for an individual gender or age group. These establishments may also provide, but not focus in, basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves.

Industry Products
Women's apparelMen's apparelChildren's apparelFootwear and other items
 
Industry Activities
Retailing men's casual apparelRetailing women's casual apparelRetailing children's casual apparelRetailing men's formal apparelRetailing women's formal apparel


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