Canada Goose’s Q3 2024 shows revenue declines as over-reliance on China and shrinking wholesale business raise questions about its future growth strategy.
Randy Harris says that Canada's luxury retail sector is seeing significant growth both online and with new stores opening in a handful of notable high-end nodes.
Craig and Randy Harris, President and Founder of Trendex North America, discuss the success of international retailers entering the Canadian market at a challenging time for the economy. That includes Nordstrom exiting Canada, and some success stories.
Men’s apparel grew faster than women’s with some provinces seeing higher growth than others, according to a new report. It also discusses reasons for Nordstrom’s Canadian exit and its impact on the sector.
Randy Harris predicts consumers will shift to a handful of popular DTC brands even more after being overwhelmed with choices, leading to consolidation and bankruptcies in the industry.
Randy Harris explains how an expected permanent shift online didn't happen for most apparel retailers in Canada, and how physical retail will continue to remain important for years to come.
Randy Harris of Trendex says that a return of Asian tourism, new luxury brand flagship stores and other factors are projected to spike luxury retail numbers in Canada, though future pandemic waves could dampen things.
A turnaround followed the opening of lockdowns and now consumers are expected to give apparel a boost at a range of levels ranging from value to luxury.
A new report by Trendex says that the second-hand apparel market could be the fastest-growing segment in the industry, and that mainstream retailers could jump on the bandwagon amid a consumer shift.
A Trendex reports provides insight into the future of retailing in Canada which will include more luxury brand stores as well as the closure of some high-end multi-brand retailers as brands target consumers directly
An industry analyst explains how Canada continues to lag behind the trend when compared to our neighbours to the south, and how the rise of e-commerce will pose an even bigger challenge.