From 2024 to 2028, the average expenditure per Canadian household on women's and girls' clothing is forecasted to remain relatively stable. It begins at $1,080 in 2024 and maintains this level through 2026, with a slight decrease to $1,070 from 2027 onwards. In 2023, this figure was $1,080, indicating no significant growth in expenditure over the period. The compound annual growth rate (CAGR) over the five-year term reflects a minor decline of less than 0.2%, signaling market stability with minimal year-on-year variation.
Future trends to watch include potential influences from economic changes, shifts in consumer behavior towards sustainable and ethical fashion, and the impact of technological advancements in retail. Monitoring these could highlight avenues for growth or areas where expenditures may fluctuate.
