The Luggage & Leather Goods segment in Canada registered Market value of USD 815.53 Millions in 2024
The indicator recorded a historical growth (CAGR) of 16% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The Market value of Luggage & Leather Goods Segment in Canada (2018 - 2026, USD Millions)
Luggage & Leather Goods Segment in Canada
The luggage and leather goods market values the total sales of bags, wallets & purses, and luggage. Bags, wallets & purses include briefcases, handbags, wallets, and purses. Luggage includes suitcases and travel bags.
The Canadian luggage and leather goods market has moved from solid growth to a decline in recent years. The market made a turnaround and is expected to remain stable throughout the forecast period. Clothing, footwear, sportswear & accessories retailers accounted for the largest proportion of sales in the Canadian luggage & leather goods market. The bags, wallets and purses segment was the market's most lucrative and accounts for the majority share in the market
Category segmentation
The luggage & leather goods segment is categorized into two major segments - Luggage and Bags, wallets and purses. Bags, wallets and purses are the largest segment of the luggage and leather goods market in Canada.
Competitive landscape
The Canadian luggage and leather goods market is highly fragmented: retailers range from department stores to more specialized clothing and accessories retailers. Canada is fairly focused on clothing, footwear, sportswear, and accessories retailers, which account for over half of sales in this market. Larger players, such as department stores, benefit from scale economies that allow them to negotiate better deals with suppliers and compete more heavily on price. Furthermore, larger retailers tend to sell a multitude of products and, as such, are not solely reliant on revenues generated through the luggage & leather goods market, whereas less diverse retailers face greater competition to obtain and retain buyers.
Market distribution
Clothing, footwear, accessories retailers form the leading distribution channel in the Canadian luggage and leather goods market.
Who are the leading players?
Aldo Group, Inc.
The Aldo Group was established in 1972 by Aldo Bensadoun. It started out as a footwear concession operating in several apparel stores in Canada. The company offers footwear and accessories for men and women. Its product range also includes handbags, clutches, larger styles of bags and backpacks, wallets, and accessories such as belts.
Bentley Leathers Inc.
Bentley Leathers Inc. was established in St Johns, Newfoundland, Canada in 1987. As of April 2015, it had over 400 stores across the country. It claims to be the largest retailer of luggage in Canada. In this category its product lines include carry-ons, garment bags, duffle bags, rolling luggage, and tote bags made by Air Canada, Samsonite, Tracker, and many other manufacturers.
Hudson’s Bay Company
Hudson's Bay is the department store division of HBC which is predominately focused on fashion merchandise in apparel, accessories, and soft home categories. It sells its merchandise at mid to upper price points accompanied by traditional department store services. HBC operates about 90 Bay department stores in Canada. The stores of Bay are located in suburban and urban markets.
Sears Canada Inc.
The merchandising segment encompasses the sale of goods and services through the company's retail and direct channels. The segment also includes service revenues related to product repair and home improvement. The retail channel of the company sells merchandise through various format stores, which include full-line department stores, Sears Home stores, Corbeil, appliances and mattresses stores, outlet stores, Hometown Dealer stores, Sears Travel, and outlet stores.
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