A recent report from Statista provides a detailed breakdown of the market share of women's luxury apparel sales in Canada for 2019. The data highlights the competitive landscape of the luxury retail sector, with independent specialty retailers emerging as the leading force, followed closely by Holt Renfrew.
Market share in the Canadian women's luxury apparel market for 2019 Rank Retailer Market Share (%) 1 Independent Specialty Retailers 28.9 2 Holt Renfrew 22.5 3 Nordstrom 14.4 4 Luxury Chains 8.4 5 E-commerce
7.5 6 Simons 7.0 7 Saks Fifth Avenue and The Bay 4.3 8 Other Retailers 2.7 Market Share Breakdown In 2019, the Canadian women's luxury apparel market was divided among several key players: Independent Specialty Retailers : These retailers collectively held the largest market share at 28.9%, demonstrating the strong appeal of unique, personalized shopping experiences that cater to diverse consumer preferences.
Holt Renfrew : With a market share of 22.5%, Holt Renfrew maintained its position as a major luxury retailer in Canada, leveraging its strong brand reputation and strategic retail strategies.
Nordstrom : Holding 14.4% of the market, Nordstrom established itself as another significant player, capitalizing on its upscale offerings and customer service. Luxury Chains : These chains accounted for 8.4% of the market, reflecting the ongoing presence of established luxury brands.
E-commerce : Online platforms captured 7.5% of the market, highlighting the growing importance of digital retail in luxury fashion. Simons : This Canadian retailer secured 7% of the market, showcasing its ability to compete with international brands. Saks Fifth Avenue and The Bay : Both retailers held 4.3%…
