Canadian apparel e-commerce grows, Lolë acquires Louis Garneau, and Dollarama gains shoppers

Ian Sinclair

Ian Sinclair

EVP, Commercial Solutions

ISinclair@nls.ca

National Logistics Services
150 Courtneypark Drive West
Mississauga, Ontario

In turbulent economic times, a true logistics partner can scale up, optimize and help your fast-moving enterprise adapt and thrive. 

Would you like to talk
to a logistics expert?

Related Posts

Recently in Logistics: A new report shows, Canada’s apparel e-commerce market fell 2.2% to C$6.9 billion last year. Lolë has acquired Louis Garneau Sports to expand its sportswear line. Dollarama’s revenue rose 7.4% to $1.56 billion, Zara will launch its secondhand marketplace, Zara Pre-Owned, in the U.S. by October and Trendex forecasts a 4.2% increase in Canadian luxury apparel sales in 2024. Learn more by reading our latest logistics update

In 2023, Canada’s apparel e-commerce market dropped 2.2% to C$6.9 billion, making up 19.4% of total sales. Trendex forecasts a 0.9% growth in 2024 and 6.1% by 2027. Factors include inflation, competition from Shein and Temu, and a shift to in-store shopping, especially in luxury apparel, which saw a 5%-8% online drop. Shein became Canada’s top online apparel retailer, followed by Walmart and The Gap.

Lolë has acquired cycling apparel brand Louis Garneau Sports to strengthen its sportswear portfolio. This acquisition allows Lolë to expand its product range and focus on innovation. Louis Garneau’s expertise in cycling gear will support Lolë’s growth in the global market. This marks Lolë’s third acquisition since 2023. Financial terms were not disclosed.

Dollarama’s revenue grew 7.4% to $1.56 billion, boosted by budget-conscious shoppers and increased visits, including from wealthier customers. Profits rose 13% to $285.9 million, and shares jumped 8.18%. CEO Neil Rossy highlighted their wide product range and expects stronger holiday sales in Q4.

Zara will introduce its secondhand marketplace, Zara Pre-Owned, in the U.S. by October, allowing customers to sell, donate, or repair used clothing. This initiative, launched in 2022, aligns with the brand’s sustainability goals. The growing popularity of secondhand shopping, especially among budget-conscious millennials, has been driven by platforms like eBay and Poshmark.

Trendex predicts Canadian luxury apparel sales will rise by 4.2% in 2024, despite economic pressures. Sales surged by 10.9% in 2023, driven by factors like foreign tourism and expanded luxury zones. However, a slowdown in consumer spending has prompted a downward revision of initial forecasts.

Are your logistics requirements being effectively addressed? Let’s explore your eCommerce fulfillment strategies if you have a moment for a brief call. Our team of seasoned logistics professionals is prepared to evaluate your needs and formulate a customized plan to propel your business forward.

For quick and easy scheduling, here’s a link to my full calendar.

author avatar
NLS Logistics Team Communications
As a leading Third Party Logistics (3PL) firm, we have the strategic infrastructure, technology relationships, and insights to help Canadian and international brands reach and serve the Canadian market
Previous
NLS opens fulfillment centre, Canadian business optimism grows, freight market braces for Hurricane Milton
Next
Inflation impacts back-to-school, online fraud rises, and Deloitte forecasts modest holiday growth
Send this to a friend