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

The Family Clothing Stores industry in Canada has fared well over the five years to 2018 as rising per capita disposable income and increasing consumer confidence levels have stimulated consumer demand for industry products. As consumer spending on clothing has risen, the industry has experienced healthy revenue gains. Over the five years to 2023, the industry is expected to experience continued growth, albeit at a slower pace than during the previous five-year period. As economic conditions are expected to continue to improve and per capita disposable income is anticipated to rise further, shoppers will increasingly purchase clothes for fashion rather than just more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • E-tailers pose a threat, as they offer convenience not found in traditional stores
  • Profit varies between operators with retailers of high-end apparel better positioned to collect high profit
  • As the number of industry participants ebbs and flows, the industry is likely to near its saturation point
  • Industry Report - Industry Locations Chapter

    The geographic spread of establishments in the Family Clothing Stores industry in Canada largely follows the country's population distribution, which is typical of retail industries as they rely heavily on consumer purchases. Ontario, which is the most densely populated province accounting for 38.7% of the country's population, accounts for 35.8% of total industry establishments in 2018. The province's location on the Great Lakes gives it easy access to imports from the United States and a well-established transportation network.Due to Quebec's access to key waterways, which make transporting goods easier and less costly, as well as its 22.8% of Canada's population, the province is another important region for the industry, accounting for 22.7% o...purchase to read more.

    Additional Insights for the Family Clothing Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Family Clothing Stores Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Family Clothing Stores industry impact industry performance..

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    What's in this report

    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 apparel
  • Men's apparel
  • Children's apparel
  • Footwear
  • Industry Activities
  • Retailing men's casual apparel
  • Retailing women's casual apparel
  • Retailing children's casual apparel
  • Retailing men's formal apparel
  • Retailing women's formal apparel
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Consumer Confidence Index
  • External competition for the Children's and Infants' Clothing Stores industry
  • Number of adults aged 20 to 64

  • Current Performance
  • Industry profit
  • Changes in purchase preferences
  • Industry size and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry participation
  • Internal competition and profitability
  • External threats
  • Persistent uncertainty
  • Table: Family Clothing Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Family Clothing Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Clothing & Clothing Accessories Wholesaling in Canada
  • Men's & Boys' Apparel Manufacturing in Canada
  • Women's & Girls' Apparel Manufacturing in Canada

  • Products & Services
  • Women's apparel
  • Men's apparel
  • Other
  • Footwear
  • Children's apparel
  • Chart: Family Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth-lowest income quintile
  • Third-lowest income quintile
  • Second-lowest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Family Clothing Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Family Clothing Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Family Clothing Stores Industry

  • Industry Globalization
    TJX Companies, Gap Inc.,
  • Table: TJX Companies - financial performance
  • Table: Gap Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Family Clothing Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Family Clothing Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • The demographic of consumers born between 1946 and 1964, accounting for a major proportion of the population.
  • Generation X
  • The demographic of consumers born roughly between 1960 and 1980, who follow the baby-boomer generation.
  • Generation Y
  • The demographic of consumers born from 1980 through the 1990s, who are born to baby boomers and follow Generation X.
  • Radio Frequency Identification
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Family Clothing Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Family Clothing Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Family Clothing Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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