Family Clothing Stores in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 44814CARevenue
$15.3bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
73,906
Businesses
2,084
Wages
$X.Xbn
Family Clothing Stores in Canada industry analysis
Volatile economic drivers, including per capita disposable income, consumer confidence and spending, have affected the industry's volatility. Businesses closed during the pandemic, causing revenue to plummet more than 15.0% in 2020. Many stores have switched to online platforms to grow sales and others have emphasized providing an exciting in-store experience. Revenue from family clothing stores is expected to contract at a CAGR of 1.6% to $16.5 billion through the end of 2024, despite forecast growth of 5.0% in 2024 alone.
Trends and Insights
- Canadian family clothing stores endured increased external competition. These stores offer competitive prices and carry similar products to family clothing stores.
- The majority of demand comes from top-quintile earners. These buyers have higher disposable incomes, which enables them to purchase more expensive brands.
- Establishments concentrate in high-population regions. Ontario, Quebec and British Columbia attract most retailers because there are a lot of shoppers.
- Price is a vital competitive factor. Clothing stores often offer promotions and other discounts to attract new and returning customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.7 % over the past five years, to reach an estimated $15.3bn in 2024.
Trends and Insights
Canadian family clothing stores salvage demand with online retail
- Family clothing retailers struggled during the pandemic; the Canadian government heavily restricted in-person business activity to limit the spread of COVID-19, causing a severe economic downturn. In 2020, revenue dropped more than 15.0%.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Canadian family clothing stores will increasingly rely on online marketplaces
- Online shopping became a primary point-of-sale for consumers during the pandemic. The trend's convenience and simplicity have encouraged many individuals to shift their shopping preferences. Shoppers can quickly compare prices and find the best offers.
Biggest companies in the Family Clothing Stores in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
TJX Companies Inc. | 3,084.1 | 362.7 | 11.8 | |
The Gap Inc. | 1,654.1 | 39.0 | 2.4 | |
PVH Corp. | 384.4 | 6.7 | 1.7 |
To view the market share and analysis for all 4 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 Men's and women's apparel, Children's apparel and Footwear and other. Men's and women's apparel is the largest segment of the Family Clothing Stores in Canada.
Trends and Insights
Men's and women's apparel dominate sales
- Canadian family clothing stores carry clothing products for all family members, often segmented into men's, women's and children's apparel. Women's clothing is the highest-grossing segment, followed by men's apparel.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Department Stores in Canada
Complementors
- Men's Clothing Stores in Canada
- Women's Clothing Stores in Canada
- Children's & Infants' Clothing Stores in Canada
- Shoe Stores in Canada
International industries
- Family Clothing Stores in the US
- Online Baby & Infant Apparel Sales in the US
- Clothing Retailing in Australia
- Clothing Retailing in New Zealand
- Clothing Retailing in the UK
Table of Contents
About this industry
Industry definition
Operators participating in the Family Clothing Stores industry in Canada specialize in retailing new clothing for men, women and children, without specializing in sales for an individual gender or age group. These operators may also provide, but not focus in, basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves.
What's included in this industry?
Retailing men's casual apparelRetailing women's casual apparelRetailing children's casual apparelRetailing men's formal apparelRetailing women's formal apparelCompanies
TJX Companies Inc.The Gap Inc.PVH Corp.Purchase this report to view all 4 major companies in this industry.
Related Terms
BABY BOOMERSGENERATION XGENERATION YRADIO-FREQUENCY IDENTIFICATION (RFID)Industry Code
NAICS 448140 - Family 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
Canadian family clothing stores endured increased external competition. These stores offer competitive prices and carry similar products to family clothing stores.
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
The majority of demand comes from top-quintile earners. These buyers have higher disposable incomes, which enables them to purchase more expensive brands.
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
Establishments concentrate in high-population regions. Ontario, Quebec and British Columbia attract most retailers because there are a lot of shoppers.
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
Price is a vital competitive factor. Clothing stores often offer promotions and other discounts to attract new and returning customers.
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
Most companies struggle to capture a significant market share. Manufacturers have increasingly sold directly to consumers, limiting market share growth.
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 TJX Companies Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of The Gap Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of PVH Corp.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for TJX Companies Inc., and factors influencing its performance in the industry
- Description and key data for The Gap Inc., and factors influencing its performance in the industry
- Description and key data for PVH Corp., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Canadian family clothing stores must adhere to all common employment and safety regulations. There are few regulations specific to the industry.
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
Retailers often hire part-time labour. This strategy enables companies to cut costs when demand falters. Flexibility is key during economic downturns.
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 Family Clothing Stores industry in Canada in 2024?
The market size of the Family Clothing Stores industry in Canada is $15.3bn in 2024.
How many businesses are there in the Family Clothing Stores in Canada industry in 2024?
There are 2,084 businesses in the Family Clothing Stores industry in Canada, which has declined at a CAGR of 2.8 % between 2019 and 2024.
Has the Family Clothing Stores industry in Canada grown or declined over the past 5 years?
The market size of the Family Clothing Stores industry in Canada has been declining at a CAGR of 2.7 % between 2019 and 2024.
What is the forecast growth of the Family Clothing Stores industry in Canada over the next 5 years?
Over the next five years, the Family Clothing Stores industry in Canada is expected to grow.
What are the biggest companies in the Family Clothing Stores market in Canada?
The biggest companies operating in the Family Clothing Stores market in Canada are TJX Companies Inc., The Gap Inc. and PVH Corp.
What does the Family Clothing Stores in Canada include?
Retailing men's casual apparel and Retailing women's casual apparel are part of the Family Clothing Stores industry.
Which companies have the highest market share in the Family Clothing Stores in Canada?
The company holding the most market share in Canada is TJX Companies Inc..
How competitive is the Family Clothing Stores industry in Canada?
The level of competition is high and increasing in the Family Clothing Stores industry in Canada.
