Men's Clothing Stores in Canada Industry Market Research Report Now Available from IBISWorld

Men’s clothing stores experienced declining demand following the recession, and many operators resorted to promotional and discount activity to bear the burden; however, over the five years to 2019, the industry is forecast to rebound, though external competition will increase as international clothing retailers muscle in on the Canadian retail market. For these reasons, industry research firm IBISWorld has updated a report on the Men’s Clothing Stores industry to its growing industry report collection.

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As the economy strengthens, industry operators will benefit from a rise in disposable income levels.

New York, NY (PRWEB) June 19, 2014

Over the five years to 2014, operators in the Men's Clothing Stores industry have had to contend with the lingering effects of the global economic crisis. After falling during the recession, industry revenue returned to growth in 2010, albeit at a moderate pace. Industry revenue is estimated to grow at an annualized rate of 1.5% to $2.7 billion over the five-year period, including stagnant growth (0.0%) in 2014.

According to IBISWorld Industry Analyst Vanessa Giraldo, “High unemployment and falling disposable income prompted many consumers to scale back on discretionary spending during 2009.” Consequently, men's clothing stores experienced declining demand, and many operators resorted to offering customers promotions and discounts to bear the burden, leading to declines in industry profitability. The industry did an about-face the following year, posting revenue growth of 3.4% in 2010 as disposable income levels increased and consumers regained confidence to make discretionary purchases. Male consumers, in particular, are often considered less price-sensitive than their female counterparts; therefore, revenue in the Women's Clothing Stores industry (IBISWorld report 44812CA) also returned to growth over 2010, yet at a more modest rate.

“Over the five years to 2019, industry operators will benefit from a falling national unemployment rate and increasing disposable income levels,” says Giraldo. Industry operators will likely experience an increase in external competition over the next five years, as international clothing retailers muscle in on the Canadian retail market. Yet, men's clothing stores will remain competitive as industry operators strive to increase operational efficiency and cater to niche markets. Increased competition will likely offset any dramatic rises in profitability; therefore, profit margins are expected to stay relatively steady over the period.

For more information, visit IBISWorld’s Men’s Clothing Stores in Canada industry report page.

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IBISWorld industry Report Key Topics

The Men’s Clothing Stores industry retails 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 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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