The data provided forecasts a significant upward trend in the e-commerce share of retail sales for clothing and accessories stores in Canada from 2024 onwards. With values expressed in billion Canadian dollars, the share is projected to increase from 10.729 in 2024 to 17.253 in 2028, indicating robust growth in the sector. The compound annual growth rate (CAGR) suggests consistent year-on-year expansion, signaling ongoing digital adoption in retail.
Future trends to monitor:
- Technology advancements enhancing online shopping experiences, such as AI and AR-driven personalization.
- Changes in consumer behavior influenced by sustainability and ethical fashion considerations.
- Impact of new market entrants and competition dynamics on pricing and customer loyalty strategies.
- Potential regulatory changes affecting e-commerce operations and data privacy.
