Wrinkled suit: Online sales will siphon demand from industry operators

The Men's Clothing Stores industry in Canada comprises retail stores that sell exclusively men's apparel and footwear. Services may also include basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves. Over the five years to 2018, operators in the industry have had to contend with mounting external competition. While the economy has grown in recent years, rising price competition from online retailers has exacerbated bargain-seeking consumer trends that have persisted since the economic downturn. In response, many operators resorted to offering customers promotions and discounts to bear the burden, forcing many smaller companies to exit the industry...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Price-based competition from discount and online retailers has led to subdued growth during the period
  • Online sales have siphoned industry demand over the past five years
  • Throughout times of high unemployment, demand for men’s clothing declines
  • Industry Report - Industry Key Buyers Chapter

    The Men’s Clothing Stores industry in Canada has a moderate level of market share concentration, with the two largest players accounting for 48.6% of industry revenue in 2018. While Harry Rosen and Moores Clothing for Men account for significant shares of demand, with respective 28.3% and 20.3% market share, the rest of the industry is highly fragmented. Most of industry operators are single-establishment players, and many are even nonemployers, that run small-scale stores that serve a local market on a regional basis. Humble barriers to entry make is easy for operators to enter the industry and create internal competition, leading to a highly fragmented industry. Ove...purchase to read more.

    Additional Insights for the Men's Clothing Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Men's Clothing Stores Industry are

  • Having a clear market position
  • Establishment of brand names
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of fixed broadband connections in the Men's Clothing Stores industry impact industry performance..

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    What's in this report

    What is the Men's Clothing Stores Industry?

    Operators in this industry retail a general line of new men’s and boys’ suits, formal wear, shirts, T-shirts, casual slacks, jeans, sport coats, blazers, sports apparel, sweaters, overcoats, raincoats and accessories. Services may also include basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves.

    Industry Products
  • Formal wear
  • Casual wear
  • Footwear
  • Accessories
  • Industry Activities
  • Men's and boys' clothing accessories retailing
  • Men's and boys' undergarments retailing, including socks and undershirts
  • Men's and boys' leather clothing retailing
  • Men's and boys' gloves retailing
  • Men's and boys' fur clothing retailing
  • Altering men's and boys' clothing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of fixed broadband connections
  • National unemployment rate
  • World price of cotton

  • Current Performance
  • The fashionable male
  • Caught by competition
  • High incomes and product popularity
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding economy
  • Competition
  • Cotton volatility
  • Table: Men's Clothing Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Men's Clothing Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Commercial Leasing in Canada
  • Men's & Boys' Apparel Manufacturing in Canada
  • Wired Telecommunications Carriers in Canada

  • Products & Services
  • Formal wear
  • Casual wear
  • Other
  • Accessories
  • Footwear
  • Chart: Men's Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest quintile
  • Fourth quintile
  • Third quintile
  • Second quintile
  • Lowest quintile
  • Chart: Major Market Segmentation for the Men's Clothing Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent, utilities and depreciationMarketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Men's Clothing Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Men's Clothing Stores Industry

  • Industry Globalization
    Harry Rosen, Moores Clothing for Men,
  • Table: Harry Rosen - financial performance
  • Table: Moores Clothing for Men - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Men's Clothing Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Men's Clothing Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fast Fashion
  • A term that refers to moderately priced clothing collections that are based on the latest runway trends.
  • Male Fashionister
  • The male version of fashionista, a devout follower of fashion.
  • Premium Denim
  • Higher quality denim typically produced in countries such as Italy and Japan.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Men's Clothing Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Men's Clothing Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Men's Clothing Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Men's Clothing Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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