Canadian Luxury Retail Dominated by Independent Stores, Report

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…