PROSPECTS AND OPPORTUNITIES
Ongoing shift towards omnichannel shopping
Despite the anticipated ongoing steady decline in the number of outlets, the category is projected to see positive retail value (constant 2024 prices) growth, albeit slowing as the forecast period progresses. Over the forecast period, the performance of apparel and footwear specialists is expected to continue to be informed by key review period trends.
The trend for sustainable and ethical fashion is set to gain momentum
Furthermore, sustainability is set to remain a major trend over the forecast period, with the owners of apparel and footwear specialists like lululemon athletica, Aritzia and Zara investing heavily in eco-friendly and ethical ranges and more transparent supply chains. Brands that align with consumers' values regarding environmental responsibility and ethical consumerism are predicted to capture a growing share of the market, especially among younger, more socially-conscious shoppers.
Premium and athleisure ranges offer growth avenues for apparel and footwear specialists
Premium and athleisure brands, such as Harry Rosen and lululemon athletica, respectively, are well placed to grow retail value sales, as consumers shift towards higher-quality and long-lasting apparel. The athleisure trend, in particular, shows no signs of slowing down, with the owners of brands like Mark's Work Wearhouse also tapping into the demand for quality, comfortable, versatile clothing.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel and Footwear Specialists industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel and Footwear Specialists in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel and Footwear Specialists in Canada?
- Which are the leading retailers in Apparel and Footwear Specialists in Canada?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Apparel and Footwear Specialists in Canada - Category analysis
KEY DATA FINDINGS
Return of in-store shopping amid robust e-commerce competition
Pressure on mid-tier retailers sees store closures
Sustainability and ethical fashion gain weight in apparel and footwear
Ongoing shift towards omnichannel shopping
The trend for sustainable and ethical fashion is set to gain momentum
Premium and athleisure ranges offer growth avenues for apparel and footwear specialists
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
Apparel and Footwear Specialists
Apparel and footwear specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: clothing, footwear, and/or fashion accessories (costume jewellery, sunglasses, belts, hats, gloves, handbags, scarves, etc.). Apparel specialists include specialty apparel like wedding dress shops. Example brands include Primark, TJ Maxx, and Zara. Sportswear retailers, such as Adidas and Nike, are excluded from this channel and are included in Sports Goods Stores; this is due to the companies considering themselves sports companies as opposed to apparel companies.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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