Wrinkled suit: Price-based competition from discount and online retailers has pressured the industry

The Men's Clothing Stores industry in Canada comprises retail stores that sell exclusively men's apparel and footwear. Services may also include basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves. Over the five years to 2019, operators in the industry have had to contend with mounting external competition. While the economy has grown in recent years, rising price competition from online retailers has exacerbated bargain-seeking consumer trends that have persisted since the economic downturn. In response, many operators resorted to offering customers promotions and discounts to bear the burden, forcing many smaller companies to exit the industry...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Industry operators will benefit from increasing disposable income levels
  • Online sales have siphoned industry demand over the past five years
  • Demand for men’s clothing is determined by the performance of the broader economy
  • Industry Report - Industry Products Chapter

    Formal wearThe largest product segment of the Men's Clothing Stores industry in Canada is clothing, which commands an estimated 73.0% of industry revenue in 2019. Suits and formal wear make up the largest share of apparel revenue, accounting for 39.6% of revenue in 2019. This segment includes business suits, tuxedos, tailored and dress slacks and dress shirts. Over the five years to 2019, this segment's share of industry revenue experienced decline as the trend toward business casual dress continues to increase. Shirts and T-shirts have increased their share of revenue due to the rising prevalence of casual dress in the workplace. Dur...purchase to read more.

    Additional Insights for the Men's Clothing Stores Industry

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

  • Having a clear market position
  • Establishment of brand names
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of fixed broadband connections in the Men's Clothing Stores industry impact industry performance..

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    What's in this report

    What is the Men's Clothing Stores Industry?

    Operators in this industry retail 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
  • Formal wear
  • Casual wear
  • Footwear
  • Accessories
  • Industry Activities
  • Men's and boys' clothing accessories retailing
  • Men's and boys' undergarments retailing, including socks and undershirts
  • Men's and boys' leather clothing retailing
  • Men's and boys' gloves retailing
  • Men's and boys' fur clothing retailing
  • Altering men's and boys' clothing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of fixed broadband connections
  • National unemployment rate
  • World price of cotton

  • Current Performance
  • The fashionable male
  • Caught by competition
  • High incomes and product popularity
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding economy
  • Competition
  • Cotton volatility
  • Table: Men's Clothing Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Commercial Leasing in Canada
  • Men's & Boys' Apparel Manufacturing in Canada
  • Wired Telecommunications Carriers in Canada

  • Products & Services
  • Formal wear
  • Casual wear
  • Other
  • Accessories
  • Footwear
  • Chart: Men's Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest quintile
  • Fourth quintile
  • Third quintile
  • Second quintile
  • Lowest quintile
  • Chart: Major Market Segmentation for the Men's 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 Men's Clothing Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Men's Clothing Stores Industry

  • Industry Globalization
    Harry Rosen, Moores Clothing for Men,
  • Table: Harry Rosen - financial performance
  • Table: Moores Clothing for Men - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Men's 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 Men's Clothing Stores Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Per Capita Disposable Income (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fast Fashion
  • A term that refers to moderately priced clothing collections that are based on the latest runway trends.
  • Male Fashionister
  • The male version of fashionista, a devout follower of fashion.
  • Premium Denim
  • Higher quality denim typically produced in countries such as Italy and Japan.
  • What Our Customers Say

    Why buy this report?

    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.

    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
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    This report on Men's 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 Men's 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 Men's 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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