Stephen Mill - Robert Half Executive Search | LinkedIn (original) (raw)
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Based in Vancouver and Toronto, Stephen is in charge of management and growth of Robert…
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- Jackie Ross Canadian consumers are resilient and love to shop for apparel - and I am definitely one of them! Last year, Canadian apparel's sales growth outpaced the overall sector performance. Despite economic challenges like inflation and high interest rates, the Trendex North America report reveals that Canadian consumers have not shied away from refreshing their wardrobes, particularly in the women’s and luxury segments. 👗 Women’s apparel surged ahead with significant gains across all categories, while luxury apparel grew by approximately 10%, bolstered by increased tourism and expanded high-end retail spaces at places like Yorkdale and the Mink Mile. Interestingly, e-commerce saw a slight decline in the apparel segment, as consumers favoured the in-person shopping experiences. As we look ahead, the market is expected to continue growing in 2024, albeit at a more moderate pace. It’s a dynamic time for Canadian retailers, who must balance between traditional and digital realms to cater to evolving consumer preferences. #RetailTrends #FashionIndustry #ConsumerBehavior #SustainableFashion #LuxuryRetail #CanadianEconomy #MarketInsights 🔗 https://lnkd.in/gg4KP5wS
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