Canadian Industrial Profile: Clothing and Department Stores—Autumn 2017

The Conference Board of Canada, 2 pages, November 24, 2017
Industry Profile
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This industry profile provides a five-year forecast for Canada’s clothing and department stores industry.

Document Highlights

Consumer Confidence—Rising confidence among consumers is good news in the short term for clothing and departments stores, which rely heavily on discretionary spending on items such as cosmetics and new apparel.

E-Commerce—Clothing and department stores are benefiting from the continued growth of e-commerce, which allows for easier marketing to consumers and saves costs from reduced floor space and in-store traffic.

Employment—Industry employment has trended down in recent years as technologies like automated and mobile checkouts shift the point-of-sale and reduce the need for workers.

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