Canadian Women's Fashion Market Top Players 5
There is not enough publicly available data to reliably determine the top 3 companies in the Canadian women's socks market. Below, our findings give insights into the players in the Canadian socks market, while the 'research strategy' section explains why the list couldn't be compiled.
- The Great Canadian Sox Shop claims to be the largest Canadian socks manufacturer. The company distributes women's socks, among other products. Information on revenue for this company isn't available.
- AYK International claims to be one of Canada's largest sock manufacturers. The company distributes women's socks, among other products. This privately-held company has around $10 million in annual revenue, internationally. Information on this company's socks business line revenue isn't available.
- In 2014, Gildan bought the former leading Canadian socks distributor Doris Inc. for $110 million. In 2018, Gildan's Canada-specific revenue equaled $120,764 across all business lines, while their international "hosiery & underwear" revenue totaled $587,170.
- In the North American socks market, Adidas, Nike and Puma are the key players, regardless of gender the socks are intended for.
- Overall, hypermarkets and supermarkets contribute the most to the global socks market revenue. Online sales account for around 10% of the socks market revenue.
The research team was unable to list the top 3 Canadian women's sock companies by revenue in the assigned Canadian market, after deploying the following strategies:
First, the research team scoured through market and industry research sources such as Reuters, PR Newswire and Grandview Research, among others. These types of sources usually publish industry and market reports tailored to individual countries and regions, which often contain pre-compiled information on key players in the industry, however, because no reports specifically focused on the women’s socks market in Canada, we were unable to move forward with this strategy. Market reports instead mentioned Canada as part of the North American region, without going in depth on the Canadian market specifically.
Next, local news, media and industry-specific sources, as well as local consultancy agencies and governmental entities were searched, in hope of locating lists of key players in the Canadian women’s socks market. Our reasoning behind this strategy was that the local industry experts and governmental entities possibly know this information and might have disclosed it in these types of sources. Canadian Business, BNN Bloomberg and the online resources of the Government of Canada were searched, but no relevant lists could be located, although reports on specific companies that are just entering the field were available.
Since pre-compiled lists of the biggest Canadian women’s sock manufacturers don’t appear to be available in the public domain, we decided to approach the research by searching for lists of leading Canadian sock manufacturers, in order to further search for information on the amount of their sock sales that comes from women’s socks. No such lists were found. Still, this way, we located several Canadian sock companies that claim they are “the largest” or one of the “biggest” sock manufacturers in Canada. Ultimately, we resorted to searching for comprehensive lists of all Canadian women’s sock manufacturers, in order to manually compare revenues of each of the companies mentioned on these lists, to determine the 3 with the highest revenues. Governmental databases such as the Directory of Canadian companies were searched, as well as company databases such as Manta. Even though lists of sock manufacturers existed, these were not comprehensive, which is why this strategy wasn’t successful. In addition to this, by further searching for information on revenues of the identified sock manufacturers, it was evident that none of them specifically provided information on women’s socks revenue. Most of the companies found specialized in other business lines apart from socks manufacturing or distribution, and information on their revenues focused on the company-wide level, rather than specific business line revenues.