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Clothing and Footwear Retailing in Canada- Market Summary and Forecasts ; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Clothing and Footwear Retailing in Canada- Market Summary and Forecasts ; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

  • February 2016
  • 67 pages
  • ID: 3621796
In this report:
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The retail sales in November 2015 were forecasted to drop ##.##% from October 2015, however the retail sales rose ##.##% in November reaching US$## billion.

Summary

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Brief

Canada's retail market for clothing is expected to grow at a Compound annual growth rate of 3.30 percent over the next five years, to reach CAD27 billion by the end of 2020. The share of the clothing sector in global retail sales is set to reach ~8.1 percent by 2020, from ~8.1 percent in 2015. Over the forecast period, the per capita spending on clothing is forecast to grow at a CAGR (Compound annual growth rate) of 2.40 percent.Online spending on clothing is anticipated to reach an estimated value of CAD3.3 billion by the end of 2020, registering a Compound annual growth rate of ~21.7 percent over the forecast period. This growth is largely driven by the growing number of consumers shopping online, especially the millennials.

Main highlights

- Increasing penetration of smartphones, wider choice of products and convenience is driving the sales of clothing and footwear through the online channel.

- Women categories dominate the clothing and footwear market in 2015.

- Footwear sales are anticipated to grow at a compound annual growth rate (CAGR) of ~4.7 percent during 2015-2020.

- Clothing, footwear, accessories and luxury goods specialists command the main share, accounting for 61.60 percent of global sales in the clothing sector.

Abstract

"Clothing and Footwear Retailing in Canada - Market

Brief

and Estimations" is a in-depth sector report providing a exhaustive analysis of the emerging trends, projections and possibilities to 2020.

- An overview of top clothing and footwear retailers operating across Canada (CA) and their presence across distribution channels

Great reasons to purchase

- Gain a exhaustive knowledge on clothing and footwear sector in the Canada retail market and develop a challenging advantage from the start of your supply chain

- Investigate current and forecast behaviour trends in clothing and footwear category to recognize the best opportunities to exploit

- Analyze the recommended actions to align your marketing strategies with the important trends influencing the consumer behavior

- Comprehend the quickest increasing categories including menswear, womenswear, childrenswear, men's footwear, women's footwear and children's footwear in the sector, with business insights on performance across main channels from 2010, with estimations until 2020

- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, top consumer and technology trends influencing the clothing and footwear market

- Analysis of main worldwide and domestic players operating in the clothing and footwear market - including store counts and revenues that give you a ambitious edge - identify alternatives to improve your market share

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