Canadian Women's Fashion Market

Part
01
of eighteen
Part
01

Women's Handbags - Market Size in Canada

The market size of handbags market in Canada is $1.024 billion, expected to grow at a CAGR of 2.19%.

Handbag Market in Canada

Part
02
of eighteen
Part
02

Women's Small Leather Goods - Market Size in Canada

The market size of the women's small leather goods market in Canada is approximately $129.78 million.

MARKET SIZE AND GROWTH RATE

  • About $129.78 million worth of revenue is generated from the sale of women's small leather goods in Canada.
  • The country's women's small leather goods market is estimated to grow at CAGR 8.3% to reach $193.35 billion by 2023.
  • Michael Kors leads the women's small leather goods market in Canada.
  • According to the annual report, small leather goods retail from $45 to $250.
  • The total fashion market in Canada has an annual revenue of $6.812 billion and it is expected to grow at a CAGR of 8.3 percent between 2019 and 2023.

RESEARCH STRATEGY

The research team searched through industry-related databases and credible media sites such as Euromonitor, IBISWorld, Statista, Forbes, and more, for precompiled data on the market size and the growth rate (CAGR) of the women's small leather goods market in Canada. Euromonitor has a research study to this effect, but it's behind a paywall, while the other databases are yet to study this segment of the fashion industry.

Next, the team searched through the financials, including the annual reports, as well as the proxy statements of some top fashion brands for women's small leather goods in Canada for remarks on the industry's market size or metrics; such as the brand's percentage share of the women's small leather collections vis-a-vis the overall revenue of the brand. The plan was to take this percentage as a representation of the small leather goods share of the fashion industry in Canada. However, these fashion brands; for example, Michael Kors, do not separate the revenue of small leather goods from the total revenue.

Therefore, the research team looked for other ways of triangulating the market size and the growth rate (CAGR) of the women's small leather goods market in Canada, based on publicly available information. A research conducted by iVend Retail found that, although North Americans and Europeans differ in their shopping habits, the latter's member countries (Canada included) have relatively similar preferences. Therefore, we took the percentage share of women's small leather goods market in the United States vis-a-vis the overall fashion industry, as a proxy for estimating the market size in Canada.

Women's Small Leather Goods Market Share (Proxy)

Retail sales value of women's small leather goods in the US (2018): $1.8 billion
The US fashion industry market size (2018): $84.22 billion
Women's small leather goods market share: (1.8*100)/84.22 =2.1%

Women's Small Leather Goods Market Size in Canada

Industry's estimated market share: 2.1%
Canada's fashion industry market size (2018): $6.18 billion
Women's small leather goods market size in Canada: (2.1%*6.18) = $129.78 million

Growth in Women's Small Leather Goods Market, Canada.

Assuming that the industry will grow at the same rate as Canada's fashion sector, the CAGR = 8.3%, (2019-2023).
Therefore, women's small leather goods market size in Canada will reach $193.35 billion by 2023 (using the CAGR calculator).
Part
03
of eighteen
Part
03

Women's Scarves, Hats and Gloves - Market Size in Canada

The total market size for women's scarves, hats, and gloves in Canada is US$726.69 million. The CAGR for women's scarves, hats, and gloves in Canada is 2.07%.

Canadian market size of women's scarves, hats and gloves

  • Revenue in the gloves segment in Canada amounts to US$977 million in 2019. The gloves market is projected to grow at a CAGR of 3.7% until 2023.
  • Revenue in the shawls and scarves segment in Canada amounts to US$238 million in 2019. The scarves market is projected to grow at a CAGR of 1.1% until 2023.
  • Revenue in the hats and caps segment in Canada amounts to US$599 million in 2019. The hats market is projected to grow at a CAGR of 1.4% until 2023.
  • For the overall apparel market in Canada, the market size is estimated to be US$33.7 billion in 2019, with the largest segment being Women's Apparel with a share of US$13.5 billion in 2019.

Research methodology

As scarves, hats, and gloves fall under the apparel market, we applied the share of the women's segment in overall apparel to the share in each segment (hats, gloves, scarves) in order to triangulate the share of the women's market for each individual segment. To calculate the share of the women's apparel market, we divided the size of the women's apparel market and the overall apparel market in Canada:

  • $13.5 billion / $33.7 billion = 40.06%
  • The share of the women's apparel in the overall apparel segment is 40.06%.

Using this share, we applied the data to each of the individual segments:
  • Hats: 0.4006 x US$599 million =US$239.96 million
  • Gloves: 0.4006 x US$977 million =US$391.39 million
  • Scarves: 0.4006 x US$238 million = US$95.34 million

The total market size for women's scarves, hats, and gloves is therefore as follows:
  • US$239.96 million + US$391.39 million + US$95.34 million = US$726.69 million
  • The total market size for women's scarves, hats, and gloves in Canada is US$726.69 million.

As each individual segment has a different CAGR, we calculated the average CAGR for all three segments:
  • (3.7% + 1.1% + 1.4%) / 3 = 2.07%
  • The CAGR for women's scarves, hats, and gloves in Canada is 2.07%.
Part
04
of eighteen
Part
04

Women's Hair Accessories - Market Size in Canada

The women's hair accessories market in Canada is worth $612 million and is growing at a CAGR of 15.2%. The global hair accessories market size, however, stood at $20 billion in 2018 with North America holding the largest share (above 30%).

Key Insights

  • The women's hair accessories market in Canada is worth $612 million. (see calculations)
  • This market is growing at a CAGR of 15.2%. (see calculations)

Additional Helpful Findings

  • The global hair accessories market size was valued at $20 billion in 2018 with North America holding the largest share at 30%.
  • The global hair accessories market is expected to reach a value of $53.6 billion by 2025.
  • Key players operating in this market are composed of J&D Beauty Products, Goody Products, Claire's, LATADA, Conair Corporation, Diana Enterprise North America, and Hairline Illusions.
  • The hair accessories market is mainly defined by accessories used by females such as clips and pins, headbands, wigs and extensions, elastics and ties, etc.
  • The Canadian jewelry, watches, and accessories market had total revenues of $5,323.5 million in 2017.

Research Strategy:

The market size and CAGR values presented in this research are a result of triangulation and calculations due to the lack of preexisting information. The research was initiated by searching for information from pre-compiled sources like Statista, MarketsandMarkets, and other statistical and research-based sites. However, it was observed that the segmentation of women's hair accessories, in combination with the geographical scope of the Canadian market size, was not defined through any medium.

Thus, our next approach was to deduce the values from a global share. For this, we located the global market size, however, we found that the market was included all hair accessories. A deep dive was engaged to assess the market definition and an industry overview was able to provide information related to how we represented the market. The generic hair accessories market referred to the women's hair accessories which were further segmented down to clips and pins, headbands, wigs and extensions, elastics and ties, etc. Our next task was to identify the Canadian segment (for which we consulted multiple statistical and market research-based sites). However, most of the sites were paywalled (examples located here and here) which left us to attempt triangulation to calculate the share for a Canada-based revenue split. However, since we encountered no relevant segmentation in Canada, we broadened our scope to find the North American share. We were able to deduce the North American split of market share which got us a step further in the calculations.

Due to an absent Canadian market share, we reverted to assessing the percentage share of females in Canada against North America with the assumption that the hair accessories market will also follow a linear correlation. We extrapolated the female population and applied the same on the market size figure to get the Canadian market share of women's hair accessories. Since this figure was reverse calculated, there was no way to further deduce the CAGR value using the above triangulation. We, thus, reverted to analyzing the global market and found that the hair accessories market was at a 15.2% CAGR. Since North America (which consisted of Canada, as well) held the largest market share, by logic, it should be the driving force behind the whole market growth. We made a fair assumption that the market of hair accessories in Canada also followed the same (or nearly the same) growth figures. This assumption was further set right when data from an industry overview supported the segment breakup and growth.

*Calculations
From a Grand View Research industry report, we know that the global hair accessories market size was $20 billion in 2018 at a CAGR of 15.2%. We also observed that the North American market held the largest share of more than 30.0% in 2018. From this, we calculate the North American share of the market to be 30% of $20billion = $6 billion.

From the World Bank's statistical database, we observed that the 2018 female population of North America was 183.4 million compared to 18.7 million in Canada. From this, we deduced that the female population of Canada was (18.7/183.4 x 100) = 10.2% of the overall North American population.

Thus, we can say that the $6 billion market share from North America comprises 10.2% of Canada's share as well, which gets us to the hair accessories market share of Canada at (10.2/100 x $6 billion) = $0.612 billion or $612 million.
Part
05
of eighteen
Part
05

Women's Socks - Market Size in Canada

Canada's socks market size is $1.057 billion in 2019 and is expected to register a CAGR of 3% between 2019 and 2023. Socks are the preferred product for women when compared with tights, pantyhose, and nylons, leading to a higher revenue share.

Canada’s Socks Market Size

  • Canada's socks market size in 2019 is approximately $1.057 billion. It is projected to expand at a CAGR of 3% between 2019 and 2023.
  • The average revenue per person, as of 2019, is $28.25.
  • Meanwhile, the average volume of socks per person in the country is 7.17 pairs.
  • According to Statista, the total volume of socks is anticipated to reach 283.95 million pairs by the year 2023.
  • The average price per unit is $3.94 in 2019.

Additional Information

Global Hosiery Market Size

  • By the year 2024, the global hosiery (including socks, stockings) market for men and women is predicted to amount to 29.5 billion pairs, according to Global Industry Analysts, Inc.
  • Around 328 million individuals in the middle class residing in North America are interested in wearing hosiery products.
  • Socks have recorded the highest growth for the global hosiery market and is the preferred product for women when compared with tights, pantyhose, and nylons, resulting in a higher revenue share.

Global Socks Market Size

  • In 2018, the global socks market size was $42.2 billion, and the casual, formal, and athletic categories are expected to grow between 2019 and 2025.

Research Strategy:

Our research began by consulting statistics reports for Canada’s socks market size and its breakdown by gender. We consulted reputable sources, including Grandview Research and Statista, to identify the Canadian women/female socks market size. Though we found information regarding the general Canadian socks market size, there was no data specific to women.

Next, we attempted to identify the North American market share for women's socks, hoping that there would be a breakdown as well as market share information for Canada using business news sources such as PRNewswire and Retail Insider. This information could have enabled us to calculate an estimate of the Canadian women's socks market size from the total Canadian socks market size. We found that North America contributes "a considerable market share" and that growth is either stagnant or reached a mature stage, but a specific market share for Canada was unavailable.

We then decided to look for mentions of the North American market or market share of women's socks in global reports. Here, we hoped to find a breakdown of the global socks market by gender or region, as well as categories such as women, men, and kids. However, we did not gather any relevant information that would allow us to triangulate the Canadian market size for the women’s socks market. Nonetheless, we found data stating that the global socks market was valued at $42.2 billion in 2018 and a graphical forecast reflecting growth in the socks categories for casual, formal, and athletic from 2019 to 2025.

Since we found information on the average revenue per person, average number of pairs per person, and average price per unit in the Canadian socks market, we searched for supporting statistics that could help us calculate the portion that is specific to the women's socks market. We only found that in the global socks market, 50% of males use socks daily and that 55% of the overall apparel sales in Canada came from women's apparel in Canada. This information was non-specific to Canada’s women socks market or market share.

Throughout our research, we found some potentially useful information from the hosiery (women and men) market, which we decided to explore to gain some added perspective about the socks market. We expanded our scope to conduct research specific to Canada’s women’s hosiery market size to see if there would be mentions of Canada’s women's socks market share since there seems to be an overlap between the hosiery market and the socks market. Though this approach was unsuccessful, we found that there are niche socks brands in the hosiery market and middle-class individuals are interested in the hosiery offering, although there were no breakdowns. Also, we found some information about women's consumption of hosiery with the majority being in the sock's category globally, but the publicly available information was insufficient and behind a paywall.
Part
06
of eighteen
Part
06

Women's Loungewear/Sleepwear - Market Size in Canada

The market size of women's loungewear/sleepwear market in Canada was CAD 2.03 billion in 2018. Its CAGR was 4.54% from 2014 to 2018.

Market Size

  • The market size of women's loungewear/sleepwear in Canada (2018) was CAD 2.03 billion.
  • In Q1 2018, the net sales of women's loungewear was noted as CAD 396.05 million.
  • The net sales in Q2 2018 was CAD 460.85 million.
  • The net sales in Q3 2018 was CAD 518.39 million.
  • The net sales in Q4 2018 was CAD 656.94 million.
  • The market size of women's loungewear/sleepwear market in Canada in 2014 was computed as CAD 1.70 billion.

CAGR (2014–2018)

  • The CAGR of women's loungewear/sleepwear market was 4.54% from 2014 to 2018.

TRIANGULATION

In order to identify the market size and CAGR of women's loungewear/sleepwear market in Canada, we primarily utilized the quarterly net sales of women's loungewear in Canada from 2014 to 2018.

1. MARKET SIZE — 2018
  • The net sales of women's loungewear in Canada (2018): CAD (396.05 + 460.85 + 518.39 + 656.94) million
  • The market size of women's loungewear/sleepwear market in Canada in 2018 = CAD 2.03 billion
2. MARKET SIZE — 2014
  • The net sales of women's loungewear in Canada (2014): CAD (337.45 + 410.46 + 419.85 + 539.53) million
  • The market size of women's loungewear/sleepwear market in Canada in 2014 = CAD 1.70 billion
3. CAGR
  • Beginning Value (market size in 2014): CAD 1.7 billion
  • Ending Value (market Size in 2018) : CAD 2.03 billion
  • Number of Periods (2014 to 2018): 4
  • CAGR: 4.54%
Part
07
of eighteen
Part
07

Women's Travel Accessories - Market Size in Canada

The market size of the luggage and bags segment in Canada amounts to USD 2,276 million in 2019.

Market Size

  • Luggage and bags segment in Canada amounts to USD 2,276 million in 2019.
  • Handbags, luggage, and accessory stores in Canada saw a total revenue of USD 1 billion in 2018.
  • Bags and containers segment in Canada generated an estimated revenue of $631 million in 2017.
  • The average revenue generated per person in bags and containers market in Canada amounts to $17.26.

Compound Annual Growth Rate (CAGR)

  • The luggage & bags segment in Canada is expected to grow annually by 1.6% from 2019 to 2023.
  • The annual growth rate of handbags, luggage, and accessory stores in Canada was 0.6% from 2013 to 2018.

Key Players

  • The companies holding the largest market share in handbag, luggage, and accessory stores segment in Canada include Bentley Leathers Inc. and Michael Kors Holdings Limited.
  • Canadian luggage market reported that 20% of the market share belongs to Michael Kors (Canada) Holdings Ltd.

RESEARCH STRATEGY

Despite a comprehensive search, we were unable to determine the market size and the growth rate (CAGR) of women's travel accessories market in Canada. The following strategies were deployed to identify the required data:

We started our search by scanning industry reports on IBIS, Euromonitor, PRNewswire, Businesswire, Market Watch, Statista, etc. All the relevant reports found on the aforementioned sources were behind a paywall. Subsequently, we searched media publications and blogs such as Bizzbeesolutions, NYtimes, WSJ, among others. The articles found focused on bags and luggage market in Canada and nothing specific to women's travel accessories was found.

Next, we decided to triangulate the required data by finding the group of potential customers of the said segment and further identify the average annual revenue generated per customer. We took this approach based on the formula found on HubSpot. Nevertheless, we couldn't trace enough data points to successfully triangulate the required data.

Further, we tried a different triangulation approach to discover the market size and the growth rate (CAGR) of the women's travel accessories market in Canada. For this, we examined industry reports to identify the market size and the growth rate of women's travel accessories market on a global level. Euromonitor, IBIS, Marketsandmarkets, and Market Watch are some of the sources we looked into. The idea here was to identify global information and use Canada’s market share to calculate the same. Though we were able to find insights regarding women's travel bag market on a global level, the report did not cover the Canadian market share. Therefore, this search attempt proved to be futile.

As our last resort, we decided to identify the key players in the said market and sum up their revenue to present it as proxy information. We analyzed Magellans, Refinery29, NPD, and other similar sources. These sources did not specifically focus on travel accessories and further, the data was not bifurcated based on gender.

The unavailability of data could be largely due to the fact that travel accessories are generally included in the accessories market and gender-based data is scarce on the public domain in this segment. Lastly, some of the substantial reports are behind a paywall.
Part
08
of eighteen
Part
08

Canadian Women's Fashion Market Segments

The sales of women's clothing and accessories amounts to approximately 3.38 billion Canadian dollars in the first quarter of 2019. We have detailed our four segments below.

Blazers

The revenue in the Blazers (women & girls) segment amounts to US$400m in 2019. The market is expected to grow annually by -0.4% (CAGR 2019-2023).

Examples of blazers include:

Suits and Ensembles

The revenue in the Suits & Ensembles (women & girls) segment amounts to US$116m in 2019. The market is expected to grow annually by -4% (CAGR 2019-2023).

Examples of suits include:

Blouses

The revenue in the Blouses (women & girls) segment amounts to US$1,775m in 2019. The market is expected to grow annually by 1.6% (CAGR 2019-2023).

Examples of blouses include:

Trousers

The revenue in the Trousers (women & girls) segment amounts to US$3,868m in 2019. The market is expected to grow annually by 2.7% (CAGR 2019-2023).

Examples include:

Dresses and Skirts

Revenue in the Dresses & Skirts (women & girls) segment amounts to US$2,224m in 2019. The market is expected to grow annually by 3.2% (CAGR 2019-2023).

Examples include:


Part
09
of eighteen
Part
09

Canadian Women's Fashion Segments - Market Size 1

The first identified women's fashion market segment in Canada in part 8 of the whole Canadian Women's Fashion Market request is "blazer." In FY 2019, the blazer segment of the women's fashion market in Canada amounts to $400 million, a 0.6% decrease of its 2018 revenue. This segment is expected to record a growth rate of -0.4% until 2023.

CANADIAN WOMEN'S FASHION MARKET SEGMENTS: BLAZER

MARKET SIZE (previous and current)

  • The current market size (FY 2019) of the blazer segment of the women's fashion market in Canada is $400 million, a decrease of 0.6% from its 2018 revenue.
  • The previous market size (from 2010 to 2018) of this segment is as per below.

MARKET GROWTH

  • From 2019 to 2023, the women's blazer fashion segment is expected to grow annually by -0.4%.
  • The Canadian women's blazer fashion market has been decreasing in revenue since 2011. Below is the recorded growth rate from 2011 up to present, 2019.
  • 2011: -3.28%
  • 2012: -2.83%

ADDITIONAL MARKET INSIGHTS


Part
10
of eighteen
Part
10

Canadian Women's Fashion Segments - Market Size 2

The women's suits and ensembles segment in Canada amounted to $121 million in 2018. The segment's revenue is expected to drop from $116 million to $100 million between 2019 and 2023. All monetary values are in U.S. dollars.

Suits and Ensembles

Part
11
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Part
11

Canadian Women's Fashion Segments - Market Size 3

The blouse segment of the Canadian women's fashion market is currently worth $1.775 billion. It is forecast to grow at 1.6% annually between 2019 and 2023.

Canadian Women's Fashion Market Blouse Segment

  • The blouse segment of the Canadian women's fashion market is valued at $1.775 billion as of 2019.
  • The market is expected to register a CAGR of 1.6% from 2019 to 2023.
  • The average revenue per person in the market segment is $47.43, a year-over-year increase of 0.4%.
  • In the blouse segment, the volume is expected to reach 79.14 million pieces by 2023.
  • The average price per unit of blouses in Canada is $21.39.


Part
12
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Part
12

Canadian Women's Fashion Segments - Market Size 4

In Canada, the market size for the trousers segment in the year 2019 is $3.868 billion, and it is forecasted to grow at a CAGR of 2.7%. The market size of dresses and skirts in Canada is $2.224 billion, while the market is set to expand at a CAGR of 3.2%.


Market Size and Growth Rate of Trousers in Canada (Women and Girls)

  • In 2019, the total revenue generated by this particular segment is anticipated to reach $3.868 billion, as reported by Statista.
  • Between 2019 and 2023, market is projected to grow at a CAGR 2.7%.
  • The revenue per person in 2019 for the trousers market (girls and women) in Canada is expected to be $103.38.
  • In 2019, the estimated volume per capita in Canada is 3.90 pieces.
  • Statista reports that the average price per piece in this segment this year is $26.52.
  • The volume in this segment is projected to reach 157.72 million pieces by the year 2023.


Market Size and Growth Rate of Dresses and Skirts in Canada (Women and Girls)

  • The dresses and skirts segment in Canada is expected to generate $2.224 billion in revenue in the year 2019.
  • Between 2019 and 2023, the market is projected to expand at a CAGR of about 3.2%.
  • The revenue generated per person in 2019 is around $59.46.
  • By the year 2023, the volume of dresses and skirts is projected to hit 66.86 million pieces.
  • In 2019, the average volume per individual within this segment is 1.56 pieces.
  • Meanwhile, the average price per piece is $38.17.


SWOT


Additional Findings

  • The nation that produces the most revenue in the trousers (women and girls) market is the United States with $35.591 billion generated in 2019.
  • China generates the largest revenue in the dresses and skirts market with $22.969 billion in 2019.


Research Strategy:

Our research began by finding the number of women in Canada. We established that there are 19,009,979 females in Canada, according to world population statistics. We then looked through sources and market research reports, such as IBIS World, to determine the percentage of this group wears trousers and/or skirts. However, this information was unavailable. After conducting further research through market research sites such as Statista, we were able to find the expected annual growth rate (CAGR), as well as the total market revenue for 2019. Statista also provided us with additional information on volume and pricing.
Part
13
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Part
13

Canadian Women's Fashion Market Top Players 1

While there is no publicly available information specific to revenues for companies in the Canadian women's handbags market, Bentley Leathers and Michael Kors are among the top players in that category. Below are useful findings and the research strategy.

Useful Findings

Research Strategy

We kicked off the research by scouring industry reports by IBIS World, EuroMonitor and Mordor Intelligence among others. We were hoping to find a market research on the top players of the Canadian womens' handbags market. Instead, we found analyses of women's handbags globally, except for IBIS World who did a market research on Canada but its details are hidden under a paywall. We however found who the largest players were in that category but because they had other products besides handbags, we couldn't authoritatively assume that they were earning the highest revenue in handbags.

We then shifted gears and searched through media articles and news publications to find any news articles or press releases containing commentary from players in the Canadian market since companies tend to publish information related to their success in particular segments in different countries. However, none of the articles published by leading news outlets in Canada such as, CBC, CTV News, MSN, National Post and the Toronto Sun, provided relevant information. Instead, we found information on handbag trends and locally made brands.

Next, we switched gears and looked for government reports on the leading companies in this category because trade associations in some industries often mention their key players. We searched through the websites of various trade associations and government agencies to find relevant information on the top companies in the Canadian womens' handbags market. However, none of the associations or government agencies such as, Made in Canada and the Government of Canada have published any such list of leading or top companies selling women's handbags. Instead, they had information on the textile and materials used to make the handbags in certain companies.
Lastly, because we had the handbag market size, we attempted to find the market share of the top companies by percentage and then calculate the revenue it represents. Unfortunately this strategy proved futile as well as the industry leaders were not broken down by percentage either.

After this exhaustive search, we concluded that the top companies by revenue in the Canadian women's handbags were not available, mainly because handbags are often grouped in the same category with other products such as luggage, other leather goods and related accessories.

Part
14
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Part
14

Canadian Women's Fashion Market Top Players 2

Michael Kors Canada, Bentley Leathers, and Gucci are the most significant players in Canada's women's small leather goods industry, according to market reports by IBISWorld, Euromonitor, Statista, and others. Unfortunately, apart from Bentley Leathers, which is headquartered in Canada, other companies do not reveal revenues data specific to Canada.

Canadian Women's Small Leather Goods Market

Michael Kors

Bentley Leathers, Inc.

Gucci Canada

  • Website
  • In Q1 2019, Kering, the parent company of Gucci, announced revenues of €7.64 billion (about US$8.503 billion), according to Vogue Business. The report also observed that Gucci accounted for 40% of Kering's revenues, which amounts to about (40%*US$8.503 billion) US$3.4012 billion.
  • According to Statista, North America, which includes Canada, was responsible for 21% of Gucci's revenues in 2018.
  • Based on the data above, the estimated revenue of Gucci in North America, which includes Canada, in 2018 was (21%*US$3.4012 billion) US$0.714 billion or US$714 million
  • Gucci represents the Italian pinnacle of craftsmanship and known for its quality and attention to detail. The company is a subsidiary of the Kering Group, which manages the development of several renowned brands in leather goods, fashion, jewelry, and watches.

Research Strategy:

We began by looking for some relevant market and industry reports specific to the Canadian women's small leather goods market. This investigation produced two studies by Euromonitor and IBISWorld, showing that the three most significant players of the industry in Canada were Michael Kors, Bentley Leathers, and Gucci. Unfortunately, these were premium reports, requiring a subscription to gain full access to them; hence, we could not access the revenues by these companies in Canada through them.

Therefore, we proceeded to investigate the Canadian websites of each company, hoping to find information about their revenues in the country. This time, we located the estimated annual revenue of Bentley Leathers, which is headquartered in Canada, in a report by Zoom Info. Although we found the 2018 annual report for Gucci (through its parent company Kering) and Michael Kors, they did not reveal sales specific to Canada. Instead, they only provided their revenues by region.

Hence, we provided the North American sales for Michael Kors, as available in the public domain, and calculated the estimated North American revenues for Gucci, since North America included sales generated in Canada. We provided these as a proxy for their revenues in Canada.
Part
15
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Part
15

Canadian Women's Fashion Market Top Players 3

While there is no publicly available information specific to revenues for companies operating in the Canadian women's scarves, hats, and gloves market, there are some available details about the characteristics of the market that might be valuable. For instance, stylish hats were a very popular accessory during the spring of 2019 in Canada and the Canadian hats and caps market was valued at $599 million. Below is an outline of the research strategies used to better understand why the exact information requested is publicly unavailable, as well as a deep dive into the findings.

Companies in the Canadian Women's Scarves, Hats, and Gloves Market

Useful information on the Canadian Scarves, Hats and Gloves Market

  • In 2019, the overall hats and caps market was valued at $599 million in Canada.
  • In 2019, the overall gloves market was valued at $977 million in Canada.
  • Stylish hats were a hit accessory in Canada during spring 2019.
  • According to Euromonitor International, Canada-based brands tend to perform well in cold weather; accessories such as hats and scarves—considering Canada’s cold climate in the winter.
  • The competition in the Canadian apparel accessories market, including hats and scarves, tends to be based on brand recognition, quality, price, style and functionality.
  • The apparel accessories market is highly fragmented in Canada with a range of small and large domestic and global manufacturers.

Research Strategy:

Despite the research team's diligent efforts, we were not able to provide top companies by revenue in Canada for the women's scarves, hats, and gloves market. This may be especially because hats, gloves, and scarves—in industry reports—were represented as three individual products, making collective information on these products not readily available. To provide details of our strategic approaches to obtain the information and to better understand why the team has determined the information is unavailable, we've presented our efforts below.

We started the research by directly searching for any relevant industry reports and market studies since such reports usually list key players based on their market share. However, most of the reports published by leading market research firms including, but not limited to, Industry Research Co. and Research Reports World only provided information on the overall global hats and scarves market and none of the reports provided any information specific to the top companies in Canada. The team came across several great reports that just did not contain the required details. For instance, a report published by Euromonitor International provided information on the overall apparel accessories but did not provide any information specific to companies in the Canadian women's scarves, hats, and gloves market. We came across another report published by IBIS World which only provided information specific to the United States. We also found information published by Statista on the hats and caps, and gloves markets with separate revenues in Canada; however, Statista has not published any other information related to top companies in these segments.

The research team also searched through the websites of various trade associations and government agencies to find relevant information on the top companies in the Canadian women's market. However, none of the associations or government agencies (e.g., Made in Canada and the Government of Canada) have published any such list of leading or top companies selling women's scarves, hats, and gloves.

We also searched through media articles and news publications to find any news articles or press releases containing commentary from players in the Canadian market since companies tend to publish information related to their success in particular segments in different countries. However, none of the articles published by leading news outlets in Canada (e.g., CBC, CTV News, MSN, National Post and the Toronto Sun, among others) provided relevant information. Most of the articles found, such as CBC and Global News only provided general information.

The team then conducted an exhaustive search through various companies in the Canadian women's scarves, hats, and gloves market for their self-reported revenues or market shares. After checking through the websites for numerous companies, we were able to confirm that these companies (mentioned in the findings) sell women's scarves, hats, and gloves in Canada (with the idea to identify only those companies that sold all three of the products). Next, we started to search through their respective annual reports to find revenue information for the relevant segment in Canada. However, most of the companies have provided limited information specific to sales in the women's scarves, hats and gloves segment in Canada. For instance, annual reports for Burberry, Canada Goose, J.Crew, and PVH, the parent company of Calvin Klein, mostly provide regional revenues and nothing specific to Canada. Furthermore, none of the companies have published any revenue information specific to the women's scarves, hats and gloves segment.
Part
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Part
16

Canadian Women's Fashion Market Top Players 4

While there is no publicly available information specific to revenues for companies in the Canadian women's hair accessories market, J&D Beauty Products, Goody Products and Claire's are among the top players in that category. Below are useful findings and the research strategy.

Useful Findings

  • The global hair accessories market size was valued at $20 billion in 2018 with North America holding the largest share at 30%.
  • The global hair accessories market is expected to reach a value of $53.6 billion by 2025.
  • Key players operating in this market are composed of J&D Beauty Products, Goody Products, Claire's, LATADA, Conair Corporation, Diana Enterprise North America, and Hairline Illusions.
  • The hair accessories market is mainly defined by accessories used by females such as clips and pins, headbands, wigs and extensions, elastics and ties, etc.

Research Strategy

We kicked off the research by scouring industry reports by IBIS World, Euromonitor and Mordor Intelligence. We were hoping to find market research on the top players of the Canadian women's hair accessories market by revenue. Instead, we found analyses of women's hair accessories globally, except for IBIS World who did market research on Canada but its details are hidden under a paywall. We found who the largest players were in that category, but because they had other products besides women's hair accessories, we couldn't authoritatively assume that they were earning the highest revenue in hair accessories.
We then searched through media articles and news publications to find any news articles or press releases containing commentary from players in the Canadian market since companies tend to publish information related to their success in particular segments in different countries. However, none of the articles published by leading news outlets in Canada such as CBC, CTV News, MSN, National Post, and the Toronto Sun, provided relevant information. This was so since most players in the apparel market are private hence they do no avail their revenue publicly.
Finally, we looked for government reports on the leading companies in this category because trade associations in some industries often mention their key players. We searched through the websites of various trade associations and government agencies to find relevant information on the top companies in the Canadian women's hair accessories market. However, none of the associations or government agencies such as Made in Canada and the Government of Canada have published any such list of leading or top companies selling women's hair accessories. This was because most of them are privately owned. After this exhaustive search, we concluded that the top companies by revenue in the Canadian women's hair accessories were not available, mainly because hair accessories often consist of very many products including clips & pins, head bands, wigs and extensions, elastics & ties and many others products.
Part
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Part
17

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.

HELPFUL FINDINGS

  • 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.



RESEARCH STRATEGY

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.

Part
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Part
18

Canadian Women's Fashion Market Top Players 6

The top three women's loungewear companies in the Canadian market are Gap Canada, Simons Canada, and Laura Canada. Complete details about the companies are presented below.

Top Sleepwear Companies in Canada

1. Gap Canada

  • The Gap Canada website is located here.
  • In 2018, Gap Canada recorded sales of over $1.19 billion. This was an increase from the previous $1.17 billion in 2017.
  • Gap Canada is a fashion house that deals with many more products than women’s sleepwear. It’s a fashion powerhouse that deals with all other clothing items. This company was founded back in 1969 with its current headquarters in San Francisco, California.

2. Simons Canada

  • The Simons Canada website is located here.
  • In 2018, Simons Canada had an estimated revenue of $26.5 million.
  • Simons is one of the biggest online retailers in Canada. Their brands range from sellers of women’s sleepwear to other types of apparel. The company was founded by Peter Simons in 1840. Currently, they have over 2,500 employees.

3. Laura Canada

  • The Laura Canada website is located here.
  • The company's revenue, as estimated on Crunchbase, is $23.8 million.
  • Laura Canada is one of the fastest-growing women’s clothing stores in the region. In 2019, they opened five new stores and are scheduled to open six more. The fashion house was founded in 1930 by Laura Wolstein. Today, Laura Canada is family-owned and consists of two brands namely Laura and Melanie Lyne.

Research Strategy:

To identify the top three companies in the Canadian women's loungewear/sleepwear market, we kicked off the research by scouring through industry reports by Forbes, ecommerceDB, company websites, Glassdoor, Retail Insider, and Crunchbase, among others. We ensured most of the information leveraged was recent and based our research within Canada. Most of these companies have online shops. Gap Canada and Simons Canada deal with all types of apparel. Therefore, their revenue figures reflect their total sales. Their dominance in the market was evident due to their high revenue figures. Conversely, Laura Canada, other than the impressive sales revenue, had recent news of growth and expansion which makes them a strong competitor in the market. Therefore, to determine whether they were top companies, we used different metrics. First, we considered their revenues and the number of years they have been dominant. Several companies are involved in the Canadian women's loungewear/sleepwear market. However, most of them had revenues below $1 million. We identified those with over $23 million and listed them in descending order as the top three companies in the Canadian women's loungewear/sleepwear market. Further, we also considered the number of years the brands have been in the market, as this is an indication of resilience and dominance.
Sources
Sources

From Part 04
Quotes
  • "The Canadian jewelry, watches and accessories market had total revenues of $5,323.5m in 2017, representing a compound annual growth rate (CAGR) of 4% between 2013 and 2017"
  • "The Accessories segment was the market’s most lucrative in 2017, with total revenues of $2,837.2m, equivalent to 53.3% of the market's overall value"
Quotes
  • "The global hair accessories market size was valued at USD 20.0 billion in 2018 and is expected to register a CAGR of 15.2% from 2019 to 2025. "
  • "North America held the largest share of above 30.0% in 2018. Apart from elastics and ties being an essential need for women, other factors such as presence of African descendants having high spending power and their demand for various hair accessory products have been driving the market growth. Moreover, growing trend of Halloween celebrations is increasing consumer preference for hair accessories such as wigs and head bands, which, in turn, is expected to drive the regional market in the coming years."
Quotes
  • "The global hair accessories market is expected to expand at a CAGR of 15.2% from 2018 to 2025, thereby reaching a value of USD 53.6 billion by 2025"
  • "Key players operating in this market are J&D Beauty Products; Goody Products Inc.; Claires; LATADA; Conair Corporation; Diana Enterprise North America Inc.; and Hairline Illusions, to name a few"
From Part 14
Quotes
  • "Women’s luxury bags and small leather goods recorded robust growth in a competitive market in 2018. It benefited from the rising awareness and availability of luxury brands and the popularity of new product launches, such as Chanel’s popular Gabrielle handbag line."
  • "Although luxury leather goods in Canada features a wide range of brands and strong competition, the most sought-after brands remain well-known luxury brands with long pedigrees, heritage, craftsmanship and classic designs"
  • "In 2017, Michael Kors Holdings continued to lead luxury leather goods, although it only saw slow growth, after a strong decline in 2016."
Quotes
  • "The Handbag, Luggage and Accessory Stores industry in Canada comprises establishments that primarily retail luggage, handbags and a variety of accessory products for men and women. Over the five years to 2018, the industry has experienced tepid performance in response to rising competition from external competitors."
  • "The companies holding the largest market share in the Handbag, Luggage & Accessory Stores in Canada industry include Bentley Leathers Inc. and Michael Kors Holdings Limited."
Quotes
  • "The Michael Kors Collection is a sophisticated designer collection for women based on a philosophy of essential luxury and pragmatic glamour. The collection includes ready-to-wear and accessories, including handbags and small leather goods, and footwear, many of which are made from fine quality leathers."
Quotes
  • "Bentley Leathers Inc. operates a chain of retail stores that sells luggage, handbags, business bags, and travel leather accessories. It was founded in 1987 and is based in Hawkesbury, Ontario, K6A 3T4, Canada."
Quotes
  • "The millwork detail in the new Gucci space, is extensive and found on most walls. Backlit shelving in one of the women’s rooms features an impressive display of Gucci bags"
  • "A mix of women’s fashions and accessories are found in two other rooms as well as in a large front area of the store— the Gucci boutique can be accessed both from within Holt Renfrew as well as from a separate entrance facing the mall."
Quotes
  • "Gucci is part of the Kering Group. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches."
  • "Gucci products represent the pinnacle of Italian craftsmanship and are unsurpassed for their quality and attention to detail."
Quotes
  • "Gucci now accounts for 40 per cent of Kering’s revenues. "
  • "Kering reported revenue of €7.64 billion in the first half of 2019, an 18.8 per cent increase from the year-ago period. "
From Part 15
Quotes
  • "Revenue in the Hats & Caps segment amounts to US$599m in 2019."
Quotes
  • "Revenue in the Gloves segment amounts to US$977m in 2019."
Quotes
  • "DRIVEN BY THE STREETWEAR TREND, HATS/CAPS IS SET TO DO WELL IN THE FORECAST PERIOD"
  • "Hats/caps is expected to record the strongest growth in current value terms during the forecast period. "
  • "Apparel accessories is a highly fragmented category, featuring a range of small and large domestic and global manufacturers offering branded and/or private label products. "
  • "The competition tends to be based on brand recognition, price, quality, style and functionality."
  • "Canada-based brands tend to be strong in cold weather accessories such as hats and scarves, which are consumer staples, given Canada’s cold climate in the winter."