Forecasted value of the apparel market in Canada 2016-2020
Value of the apparel market in Canada from 2016 to 2020 (in billion U.S. dollars)
The Canadian apparel market was estimated to be worth approximately 24.95 billion U.S. dollars in 2016. This figure was forecast to increase to around 29.66 billion U.S. dollars by 2020. The apparel market in Canada is comprised of companies which design, produce and sell clothing, footwear and/or accessories.
Who are the key players in the market?
The Gap, an American clothing company, was the leading apparel conglomerate in Canada in 2017, with retail sales amounting to approximately 1.54 billion Canadian dollars. Old Navy was the best-selling brand under Gap ownership in Canada, with sales of around 584 million U.S. dollars in 2018. YM Inc, which also owns several brands such as Urban Planet and Sirens, was the apparel conglomerate ranked in second place with sales of around 1.08 billion Canadian dollars.
Private label vs. National brands
Apparel shoppers in Canada tend to choose private label apparel items over national brands. In 2017, private label apparel accounted for approximately 59.3 percent of all Canadian apparel market sales, an increase from around 57.3 percent in 2013.
Value of the apparel market in Canada from 2016 to 2020 (in billion U.S. dollars)
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