The gross margin for textile, clothing, and footwear merchant wholesalers in Canada is forecasted to gradually increase from 2024 to 2028, starting at 34.3% and reaching 34.8%. This is a steady upward trend, marking a slight growth from the previous year-on-year increases at rates of approximately 0.3% annually. As of 2023, the actual gross margin stood marginally lower, aligning with this positive trajectory.

Future trends to watch for:

Shifts in consumer demand for sustainable and ethically-produced textiles could impact the supply chain and margin structures.
Technological advancements in inventory management may contribute to efficiency and margin improvements.
Global trade policies and tariffs could influence import costs and wholesale pricing strategies.