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Learn moreFeb 2019
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Designer apparel and footwear (ready-to-wear), the largest personal luxury category by value and volume, also recorded the highest current value growth in 2018. Men’s designer footwear drove growth, followed by women’s designer footwear and women’s designer apparel.
Sunglasses are viewed as a fashion accessory by women, who may own multiple pairs to complement different outfits. Women also replace their sunglasses more frequently than men.
Luxury eyewear is expected to record the highest current value CAGR over the forecast period, led by women’s luxury sunglasses. Opportunities exist for luxury brands to grow their sales by increasing renewal rates.
In 2017, the Michael Kors brand continued to lead personal luxury in value terms, due to its lead in leather goods and second position in designer apparel and footwear (ready-to-wear). Michael Kors maintained its lead despite a decline in its share towards the end of the review period.
Canadian luxury brand Canada Goose claimed second place in personal luxury in 2017, taking this position from Ralph Lauren thanks to taking the lead in designer apparel and footwear (ready-to-wear). Canada Goose’s revenues surged in the year ended 31 March 2018, driven by growth in the brand's online and direct-to-consumer channels.
The four largest luxury department store retailers in Canada – Holt Renfrew, menswear retailer Harry Rosen, Saks Fifth Avenue and Nordstrom – continued to be the prime distribution channels for designer apparel and footwear (ready-to-wear), the largest category in personal luxury in value terms. These retailers also hold distribution shares in other categories, such as luxury jewellery, luxury leather goods and super premium beauty and personal care.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Personal Luxury industry in Canada with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Personal Luxury industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.
The Personal Luxury in Canada market research report includes:
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Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.