New market study, "Bags and Luggage in Canada", has been published

Bags increased by 3% in current value in 2015, while luggage posted a gain of 4% in current value over the course of the year. Although value growth rates was similar for both of bags and luggage, the growth drivers varied in each category as elements from the world of fashion to the travel and tourism industry continued to influence sales.

Competitive Landscape

Shifts in retail distribution impacted brand and company shares, with manufacturers and distributors which have a presence in larger chains accounting for a higher percentage of sales. Mall-based retail chains, in particular, such as bag specialist Bentley and apparel and footwear and personal accessories specialists Icing, Claire’s, H&M, Guess, Roots, Aldo and Danier driving sales of branded items as well as private label items products as many of these retailers have strong private label lines. Mall-based retail chains and independent stores that are able to secure retail space in shopping centres hold increasingly strong positions in the retail distribution of bags and luggage as the selection of retail banners present in Canada’s shopping centres is becoming progressively more standardised among real estate developers at both regional and national level.

Full Report Details at
- http://www.fastmr.com/prod/1058078_bags_luggage_canada.aspx?afid=301

Industry Prospects

Bags and luggage is expected to post gains over the review period, with sales growth driven mainly by the anticipated increase in outbound and domestic travel and tourism, economic growth and improvements in the employment market, leading to spending gains, particularly among younger consumer groups. Bags is forecast to increase in value at a CAGR of 3% at constant 2015 prices over the forecast period, while luggage is expected to perform slightly higher, increasing in value at a CAGR of 4% in constant 2015 terms. In addition to travel and tourism as a major driver of sales in the category, innovation and technical development and style and design trends are set to prove to be key factors underpinning growth in the category over the forecast period.

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