Industry Analysis & Industry Trends
Sales of women's clothing is largely dependent on levels of disposable income. As the economy continues to gain momentum after the recession, disposable income will rise and support growth for the Women's Clothing Stores industry over the next five years. Additionally, the number of stores will grow, increasing competition in an already rather saturated market. This, coupled with competition from online sales, will further strain individual operators... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Women's Clothing Stores industry is in a mature life cycle stage. Its contribution to the Canadian economy – measured through its industry value added (IVA) – is growing in line with GDP. Over the 10 years to 2019, IBISWorld projects IVA will grow at an average annual rate of 2.9%; meanwhile Canadian GDP is forecast to grow at 3.1% per year, on average. These similar growth rates indicate a mature life cycle stage.
Moreover, the number of industry establishments is growing at a steady pace and is expected to continue in this fashion over the next five years. Between 2009 and 2019, the number of women's clothing stores is forecast to grow at an annualized rate of 2.5% to 4,579. This steady and moderate growth is indicative of the stable demand for women's apparel... purchase to read more