Forecast sales value of the apparel market in Canada 2020-2024
The value of retail sales in the Canadian apparel market was estimated to be worth approximately 23.85 billion Canadian dollars in 2020. This figure is estimated to increase to around 28.5 billion U.S. dollars in 2024. 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 2019, with retail sales amounting to approximately 1.5 billion Canadian dollars. Old Navy was the best-selling brand under Gap ownership in Canada, with sales of around 578 million U.S. dollars in 2020. 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 billion Canadian dollars.
Private label vs. National brands
Apparel shoppers in Canada tend to choose private label apparel items over national brands. In 2020, private label apparel accounted for approximately 60 percent of all Canadian apparel market sales, an increase from around 57 percent in 2013.
Who are the key players in the market?
The Gap, an American clothing company, was the leading apparel conglomerate in Canada in 2019, with retail sales amounting to approximately 1.5 billion Canadian dollars. Old Navy was the best-selling brand under Gap ownership in Canada, with sales of around 578 million U.S. dollars in 2020. 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 billion Canadian dollars.
Private label vs. National brands
Apparel shoppers in Canada tend to choose private label apparel items over national brands. In 2020, private label apparel accounted for approximately 60 percent of all Canadian apparel market sales, an increase from around 57 percent in 2013.
