Statistics supplied by NPD Canada have shown that in the 12 months ended February 2016, the Canadian menswear market has grown 3.3 percent, compared to the womenswear market which grew only 0.6 percent.
Euromonitor International, an independent market research company, attributed the growth to changing consumer habits and the increased demand for athleisure alongside tailored looks which carry a higher price-point.
“There was a shift in the retail dynamic in 2015 in which high-end retail stores from independent boutiques to luxury department stores like Holt Renfrew and Nordstrom, and high-end specialist chains like Harry Rosen, performed particularly well,” said Euromonitor.
