Men's Clothing Stores in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 44811CARevenue
$XX.Xbn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
XX,XXX
Businesses
X,XXX
Wages
$XX.Xbn
Men's Clothing Stores in Canada industry analysis
The Canadian Men's Clothing Stores industry has been experiencing some notable changes in recent times. While traditionally driven by brick-and-mortar sales, the expansion of e-commerce is shifting consumer purchase habits. The hangover impact of the economic downturn slowed the sector's recovery. Still, the past couple of years have seen visible signs of growth, driven by factors like higher disposable income. Also, there has been an increasing trend towards casual work attire and luxury apparel, shifting the product mix offered by stores in this industry. Industry revenue has hiked at a CAGR of 0.8% over the past five years and is expected to total $2.9 billion in 2024 when revenue will drop by an estimated 1.9%.
Trends and Insights
- E-commerce's growth is reshaping retail, especially men's clothing. With tech giants leading, DTC brands innovating and fast fashion intensifying competition, constant innovation has become vital for brands to survive.
- Updating tops frequently keeps consumers fashion-forward. Tops, available in various styles and worn year-round, promote continuous purchases, particularly in volatile economic conditions where budget-friendly, synthetic options are sought more.
- Ontario's purchasing power boosts menswear market potential. With its thriving business districts, strong purchasing power and fashion-conscious residents, Ontario provides a lucrative market for men's clothing stores, driving demand for various styles and business attire.
- Men's clothing stores face growing competition. Shoppers now have a wider range of retail channels to choose from, intensifying the competitive landscape for traditional stores.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of XX.X% over the past five years, to reach an estimated $XX.Xbn in 2024.
Trends and Insights
Luxury apparel segment endure notable growth
- The luxury apparel segment experienced notable growth, primarily driven by a rebound in tourism. This saw a significant influx of shoppers from Asia, thereby boosting the sales of high-end clothing brands and exclusive items.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rising purchasing power will bolster the industry
- As Canada recovers from economic recession concerns, rising incomes will become a key driver for men's clothing stores. This surge in purchasing power will enable consumers to allocate more income toward clothing retail, offsetting initial inflation concerns.
Biggest companies in the Men's Clothing Stores in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Harry Rosen Inc. | 336.7 | 22.8 | 6.8 | |
Moores Clothing for Men | 270.9 | 12.2 | 4.5 | |
Stars Men's Shops | 27.2 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Trousers, Tops and Athleticwear. Trousers is the largest segment of the Men's Clothing Stores in Canada.
Trends and Insights
Updating tops gives consumers' wardrobes an easy refresh
- Tops include t-shirts, dress shirts, sweatshirts, sweaters, tank tops and polo shirts. Men's clothing stores sell more tops than any other single product.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Family Clothing Stores in Canada
- Department Stores in Canada
- E-Commerce & Online Auctions in Canada
Complementors
- Men's & Boys' Apparel Manufacturing in Canada
International industries
- Men's Clothing Stores in the US
- Online Men's Clothing Sales in the US
- Online Designer Clothing Sales in the US
- Online Original Design T-Shirt Sales in the US
- Clothing Boutiques in the US
Table of Contents
About this industry
Industry definition
Men’s clothing stores in Canada 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 include basic alterations like hemming, removing or letting out seams and lengthening or shortening sleeves.
What's included in this industry?
Men's trousers clothing retailingMen's top clothing retailingMen's athleticwear clothing retailingMen's suits and tuxedos clothing retailingCompanies
Harry Rosen Inc.Moores Clothing for MenStars Men's ShopsPurchase this report to view all 3 major companies in this industry.
Related Terms
PREMIUM DENIMMALE FASHIONISTERFAST FASHIONIndustry Code
NAICS 448110 - Men's Clothing Stores in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
E-commerce's growth is reshaping retail, especially men's clothing. With tech giants leading, DTC brands innovating and fast fashion intensifying competition, constant innova...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Updating tops frequently keeps consumers fashion-forward. Tops, available in various styles and worn year-round, promote continuous purchases, particularly in volatile econom...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario's purchasing power boosts menswear market potential. With its thriving business districts, strong purchasing power and fashion-conscious residents, Ontario provides a...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Men's clothing stores face growing competition. Shoppers now have a wider range of retail channels to choose from, intensifying the competitive landscape for traditional stor...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Harry Rosen and Moores are synonymous with men’s fashion in Canadian consumers’ minds. Well-established brands and strong reputations help these retailers maintain their stro...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Harry Rosen Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Moores Clothing for Men's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Stars Men's Shops's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Harry Rosen Inc., and factors influencing its performance in the industry
- Description and key data for Moores Clothing for Men, and factors influencing its performance in the industry
- Description and key data for Stars Men's Shops, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Men's clothing stores must adhere to common labour and safety regulations. However, they aren't subject to many other specific or significant regulations.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Competition limits profit growth in retail. This is because of a growing number of retail channels, supply chain disruptions and labour shortages, which make securing high pr...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Men's Clothing Stores industry in Canada in 2024?
The market size of the Men's Clothing Stores industry in Canada is $XX.Xbn in 2024.
How many businesses are there in the Men's Clothing Stores in Canada industry in 2024?
There are $XX.Xbn businesses in the Men's Clothing Stores industry in Canada, which has declined at a CAGR of XX.X% between 2019 and 2024.
Has the Men's Clothing Stores industry in Canada grown or declined over the past 5 years?
The market size of the Men's Clothing Stores industry in Canada has been stable at a CAGR of XX.X% between 2019 and 2024.
What is the forecast growth of the Men's Clothing Stores industry in Canada over the next 5 years?
Over the next five years, the Men's Clothing Stores industry in Canada is expected to remain static.
What are the biggest companies in the Men's Clothing Stores market in Canada?
The biggest companies operating in the Men's Clothing Stores market in Canada are Harry Rosen Inc., Moores Clothing for Men and Stars Men's Shops
What does the Men's Clothing Stores in Canada include?
Men's trousers clothing retailing and Men's top clothing retailing are part of the Men's Clothing Stores industry.
Which companies have the highest market share in the Men's Clothing Stores in Canada?
The company holding the most market share in Canada is Harry Rosen Inc..
How competitive is the Men's Clothing Stores industry in Canada?
The level of competition is high and increasing in the Men's Clothing Stores industry in Canada.
