Children's & Infants' Clothing Stores in Canada Industry Market Research Report Now Available from IBISWorld

Disposable incomes are forecast to increase in the next five years, and the added benefit of a stronger overall economy and a falling unemployment rate will support greater revenue growth; however, the industry will continue to experience intense competition from alternative retailers such as department stores, mass merchandisers and online clothing stores. For these reasons, industry research firm IBISWorld has added a report on the Children's and Infants' Clothing Stores industry to its growing industry report collection.

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Los Angeles, CA (PRWEB) July 04, 2013

The Children's and Infants' Clothing Stores industry managed to stitch up the competition by recording revenue growth of an annualized 1.1% in the five years to 2013, says IBISWorld industry analyst Kiera Outlaw. While the Canadian economy suffered a 3.3% dip in GDP over three quarters from 2008 to 2009, the country emerged from the global recession intact. However, the industry was not immune to the effects of the recession. As early as 2008, the Canadian economy began to show signs of economic woes, and by 2009, the recession was in full effect. The national unemployment rate surged 36.1% and hit a high of 8.3% in 2009. This negative turn brought about declines in per capita disposable income, which fell 0.4% during the same year. As a result, consumers scaled back spending and opted for lower-priced children's and infants' clothing. To this end, industry revenue fell 1.3% over the year.
However, economic troubles were short-lived, and the Canadian economy, as well as the Children's and Infants' Clothing Stores industry, returned to growth the following year. The top two industry players are Children’s Place Retail Stores Inc. and Gap. Market share concentration in the industry is low but has risen over the past five years as larger players embarked on expansion plans and aggressively grew their retail networks. However, industry competition is high and is expected to intensify over the next five years as more retailers enter the Canadian clothing retail market, continues Outlaw. International retailers began eyeing the Canadian market when the country bounced back from the recession, unlike many of the other developed countries. Revenue growth was marginal in 2010 as major economies worldwide continued to grapple with recessionary conditions, prompting consumers to remain cautious. By 2011, revenue began to grow at a more significant rate, spurred on by continued improvement in disposable incomes and a falling unemployment rate. In 2013, industry revenue is expected to grow a further 2.6%, reaching $1.1 billion.
Disposable incomes are forecast to increase in the five years to 2018, and the added benefit of a falling unemployment rate will support stronger industry revenue growth. The industry will continue to experience intense competition from alternative retailers such as department stores, mass merchandisers and online clothing stores. Furthermore, store operators will contend with additional competition as more international retailers enter the industry; the number of enterprises is forecast to rise at an average annual rate of 0.8% in the five-year period to reach 1,130 businesses. For more information, visit IBISWorld’s Children's and Infants' Clothing Stores in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry comprises specialized clothing retailers that sell a wide range of ready-to-wear infant and children's clothing. Supplementary services include basic alterations such as hemming and taking in or letting out seams. This industry excludes retail sales from department stores, mass merchants and online-only retailers.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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