The Canadian apparel retail industry has experienced consistently moderate growth in recent years and this trend is forecasted to continue at an accelerated pace.
The Canadian apparel retail industry had total revenues of $18.1bn in 2015, representing a compound annual growth rate (CAGR) of 2.6% between 2011 and 2015. In comparison, the US and Mexican industries grew with CAGRs of 3.2% and 8.2% respectively, over the same period, to reach respective values of $300.9bn and $12.0bn in 2015.
Fast fashion is helping to fuel growth in the market as Canadian consumers are increasingly fashion conscious and eager to keep up with the latest trends. This means that retailers who offer ever-changing lines are at an advantage. Fast fashion retailers H&M
The Canadian apparel retail industry had total revenues of $18.1bn in 2015, representing a compound annual growth rate (CAGR) of 2.6% between 2011 and 2015. In comparison, the US and Mexican industries grew with CAGRs of 3.2% and 8.2% respectively, over the same period, to reach respective values of $300.9bn and $12.0bn in 2015.
Fast fashion is helping to fuel growth in the market as Canadian consumers are increasingly fashion conscious and eager to keep up with the latest trends. This means that retailers who offer ever-changing lines are at an advantage. Fast fashion retailers H&M