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.
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 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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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.
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 definitionsThis report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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