Textiles in Canada: Industry Profile

INDUSTRY PROFILE
Textiles in Canada
Reference Code: 0070-0810 Publication Date: August 2010
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Canada - Textiles
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EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
Market value
The Canadian textiles market shrank by 3.1% in 2009 to reach a value of $13.9 billion.
Market value forecast

In 2014, the Canadian textiles market is forecast to have a value of $12.3 billion, a decrease of 11.5% since 2009.
Market segmentation I
Apparel is the largest segment of the textiles market in Canada, accounting for 51.8% of the market's total value.
Market segmentation II
Canada accounts for 6.4% of the Americas textiles market value.
Market rivalry
Rivalry within the textiles market is strong overall as the existence of a large number of players leads to a fragmented market which boosts rivalry.
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CONTENTS
TABLE OF CONTENTS
EXECUTIVE SUMMARY MARKET OVERVIEW Market definition Research highlights Market analysis MARKET VALUE MARKET SEGMENTATION I MARKET SEGMENTATION II FIVE FORCES ANALYSIS Summary Buyer power Supplier power New entrants Substitutes Rivalry LEADING COMPANIES Victor Group Inc Bayer AG Ruddick Corporation Gildan Activewear Inc MARKET FORECASTS Market value forecast MACROECONOMIC INDICATORS APPENDIX Methodology Industry associations Related Datamonitor research Disclaimer 2 7 7 8 9 10 11 12 13 13 14 15 17 18 19 20 20 21 26 30 33 33 34 36 36 37 37 38
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CONTENTS
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CONTENTS
LIST OF TABLES
Table 1: Table 2: Table 3: Table 4: Table 5: Table 6: Table 7: Table 8: Table 9: Table 10: Table 11: Table 12: Table 13: Table 14: Table 15: Table 16: Table 17: Table 18: Table 19: Table 20: Table 21: Canada textiles market value: $ billion, 200509 Canada textiles market segmentation I:% share, by value, 2009 Canada textiles market segmentation II: % share, by value, 2009 Victor Group Inc: key facts Bayer AG: key facts Bayer AG: key financials ($) Bayer AG: key financials () Bayer AG: key financial ratios Ruddick Corporation: key facts Ruddick Corporation: key financials ($) Ruddick Corporation: key financial ratios Gildan Activewear Inc: key facts Gildan Activewear Inc: key financials ($) Gildan Activewear Inc: key financial ratios Canada textiles market value forecast: $ billion, 200914 Canada size of population (million), 200509 Canada GDP (constant 2000 prices, $ billion), 200509 Canada GDP (current prices, $ billion), 200509 Canada inflation, 200509 Canada consumer price index (absolute), 200509 Canada exchange rate, 200509 10 11 12 20 21 23 24 24 26 27 28 30 31 31 33 34 34 34 35 35 35
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CONTENTS
LIST OF FIGURES
Figure 1: Figure 2: Figure 3: Figure 4: Figure 5: Figure 6: Figure 7: Figure 8: Figure 9: Figure 10: Figure 11: Figure 12: Figure 13: Figure 14: Figure 15: Figure 16: Canada textiles market value: $ billion, 200509 Canada textiles market segmentation I:% share, by value, 2009 Canada textiles market segmentation II: % share, by value, 2009 Forces driving competition in the textiles market in Canada, 2009 Drivers of buyer power in the textiles market in Canada, 2009 Drivers of supplier power in the textiles market in Canada, 2009 Factors influencing the likelihood of new entrants in the textiles market in Canada, 2009 Factors influencing the threat of substitutes in the textiles market in Canada, 2009 Drivers of degree of rivalry in the textiles market in Canada, 2009 Bayer AG: revenues & profitability Bayer AG: assets & liabilities Ruddick Corporation: revenues & profitability Ruddick Corporation: assets & liabilities Gildan Activewear Inc: revenues & profitability Gildan Activewear Inc: assets & liabilities Canada textiles market value forecast: $ billion, 200914 10 11 12 13 14 15 17 18 19 25 25 28 29 32 32 33
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MARKET OVERVIEW
MARKET OVERVIEW
Market definition
The textiles market includes yarns, fabrics, non-apparel, and apparel finished products. The value of each segment is for consumption, defined as domestic production plus imports minus exports, all valued at manufacturer prices. The yarns segment covers yarns for sewing, weaving, knitting, etc, made of cotton, wool, artificial, synthetic, or other fibers, but does not include the production of the fibers before spinning, fabrics covers woven, non-woven, and knitted fabrics (including knitted products such as sweaters). Apparel covers all other clothing except leather and footwear. Non-apparel products include technical, household, and other made-up non-clothing products. All currency conversions use constant average 2009 exchange rates. For the purposes of this report, the Americas consists of North America and South America. North America consists of Canada, Mexico, and the United States. South America comprises Argentina, Brazil, Chile, Colombia, and Venezuela.
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MARKET OVERVIEW
Research highlights
The Canadian textiles market had total revenue of $13.9 billion in 2009, representing a compound annual rate of change (CARC) of -3.5% for the period spanning 2005-2009. The apparel segment proved the most lucrative for the Canadian textiles market in 2009, with total revenues of $7.2 billion, equivalent to 51.8% of the market's overall value. The performance of the market is forecast to accelerate, with an anticipated CARC of -2.5% for the fiveyear period 2009-2014, which is expected to drive the market to a value of $12.3 billion by the end of 2014.
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MARKET OVERVIEW
Market analysis
The Canadian textiles market experienced decline in recent years, and this is expected to continue throughout the forecast period. The market is expected to shrink by 2.5% every year during the next five years. All the segments declined moderately in 2009. The Canadian textiles market had total revenue of $13.9 billion in 2009, representing a compound annual rate of change (CARC) of -3.5% for the period spanning 2005-2009. In comparison, the US and Mexican markets declined with CARCs of -6.4% and -5% respectively, over the same period, to reach respective values of $144.9 billion and $8.9 billion in 2009. The apparel segment proved the most lucrative for the Canadian textiles market in 2009, with total revenues of $7.2 billion, equivalent to 51.8% of the market's overall value. In comparison, the non-apparel products segment generated revenues of $3.3 billion in 2009, equating to 23.5% of the market's aggregate revenues. The performance of the market is forecast to accelerate, with an anticipated CARC of -2.5% for the fiveyear period 2009-2014, which is expected to drive the market to a value of $12.3 billion by the end of 2014. Comparatively, the US and Mexican markets will decline with CARCs of -4.6% and -1.5% respectively, over the same period, to reach respective values of $114.2 billion and $8.2 billion in 2014.
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MARKET VALUE
MARKET VALUE
The Canadian textiles market shrank by 3.1% in 2009 to reach a value of $13.9 billion. The compound annual rate of change of the market in the period 200509 was -3.5%. Table 1: Year 2005 2006 2007 2008 2009 CAGR: 200509 Source: Datamonitor Canada textiles market value: $ billion, 200509 $ billion 16.1 15.8 15.3 14.4 13.9 C$ billion 18.3 18.1 17.5 16.4 15.9 billion 11.6 11.4 11.0 10.3 10.0 % Growth (1.4%) (3.1%) (6.2%) (3.1%) (3.5%) DATAMONITOR
Figure 1:
Canada textiles market value: $ billion, 200509
Source: Datamonitor
DATAMONITOR
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MARKET SEGMENTATION I
MARKET SEGMENTATION I
Apparel is the largest segment of the textiles market in Canada, accounting for 51.8% of the market's total value. The non-apparel products segment accounts for a further 23.5% of the market. Table 2: Category Apparel Non-apparel products Fabrics Yarns Total Source: Datamonitor Canada textiles market segmentation I:% share, by value, 2009 % Share 51.8% 23.5% 22.3% 2.3% 100% DATAMONITOR
Figure 2:
Canada textiles market segmentation I:% share, by value, 2009
Source: Datamonitor
DATAMONITOR
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MARKET SEGMENTATION II
MARKET SEGMENTATION II
Canada accounts for 6.4% of the Americas textiles market value. The United States accounts for a further 66.8% of the Americas market. Table 3: Category United States Canada Mexico Rest of the Americas Total Source: Datamonitor Canada textiles market segmentation II: % share, by value, 2009 % Share 66.8% 6.4% 4.1% 22.6% 100% DATAMONITOR
Figure 3:
Canada textiles market segmentation II: % share, by value, 2009
Source: Datamonitor
DATAMONITOR
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FIVE FORCES ANALYSIS

The textiles market will be analyzed taking textile manufacturers as players. The key buyers will be taken as apparel manufacturers, and providers of raw fibers (such as raw cotton and wool) and chemical companies that produce resins for extrusion into synthetic fibers as the key suppliers.
Summary
Figure 4: Forces driving competition in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Rivalry within the textiles market is strong overall as the existence of a large number of players leads to a fragmented market which boosts rivalry. Textiles have various uses and thus a vast number and range of buyers, who benefit from fairly low switching costs and largely commoditized products. In general, the threat of substitutes is moderate as there are limited alternatives to fibers; this is mitigated by how diverse a players manufacturing capacity is. Textile manufacturing is both labor- and capital-intensive, and due to the need for industry-specific production equipment, entry and exit barriers are high.
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Buyer power
Figure 5: Drivers of buyer power in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Textiles have a wide assortment of uses, the most common of which are for clothing, carpeting, upholstered furnishings, window shades, towels, covering for tables, beds, etc. They may also be used in industrial and scientific processes, strengthening in composite materials such as fiberglass, automotive and medical applications and many more. Such wide areas of use indicate a sheer number of buyers within the textiles market as well as importance of products sold here for buyers business, thus weakening their power somewhat. Buyers are usually medium or large sized businesses as apparel production is both capital- and labor-intensive and scale economies, giving them bargaining power over textile manufacturers. Additionally, fairly low switching costs, commoditized products (except for some niche materials), and relative immunity to factors such as brand loyalty strengthen the hand of buyers. Overall, buyer power is assessed as moderate.
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Supplier power
Figure 6: Drivers of supplier power in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Textiles can be made from various materials coming from four main sources: animal, plant, mineral, and synthetic. The apparel category is dominated by polyester and cotton, with a smaller but significant volume of viscose and wool. A similar pattern is true of the domestic category, although the requirement for wool here is only tiny. Carpets use mainly nylon and wool. Industrial fiber usage is dominated by synthetics, which are used across a wide range of applications, from conveyor belts and geotextiles, through to medical uses. In terms of fiber type, synthetics account for most of the growth in global manmade fiber production and almost all of the increase in synthetics is due to a rise in sales of polyester. Suppliers in this market include chemical companies that produce resins for extrusion into synthetic fibers and similar inputs. Some of these are multinationals, such as BASF and DuPont; although many of these inputs are commodities, and smaller suppliers of such can be found. Suppliers of raw cotton and wool are also significant in the natural fiber segments. While sheep farming can be a highly fragmented industry, in some regions, wool pools and similar groups exist, and fiber manufacturers may deal with a small number of wool brokers. These factors increase supplier power. Supplier power is weakened by the fact that different kinds of fiber require raw materials from radically different industries, and therefore act as alternatives to each other.
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The differentiation of product between functional and innovative products helps suppliers to employ different supply chain strategies for different products: responsive supply chain strategy for innovative products and efficient supply chain strategy for functional products. These two strategies are focused on the downstream supply chain aiming at shortening the time to research the market and reduce stock levels. Having two diversified supply chains can strengthen supplier power; however, the specific nature of some companies means that they will only have the resources to supply raw materials such as cotton or wool. For example, if cotton prices began to rise, a fiber manufacturer may be able to increase its usage of nylon (provided the company had already invested in suitable equipment); however, it would be very difficult for cotton growers or traders to defend against this strategy by moving into chemical resin manufacturing. Suppliers in developed countries are facing rising pressure to improve labor efficiency, such as through more automated processes, as apparel manufacturers increasing use countries with cheaper labor costs. Overall, supplier power is assessed as moderate.
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New entrants
Figure 7: Factors influencing the likelihood of new entrants in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Textile manufacture is based in the conversion of different types of fiber into yarn, then fabric, then textiles. These are then fabricated into clothes or other artifacts. Entry to the market requires investment in production equipment, such as fiber extruders, carders, and ring spinners, and the need to maintain reasonably large factory facilities increases fixed costs. In a B2B market, factors such as brand strength are of little significance. The lifting of quotas presents new opportunities for new entrants. Before, consumers and retailers who had to import had no choice but to go to the existing players as only the latter had quotas. New entrants no longer have to approach the existing players, fragmenting the market and making it easier to trade. However, the current decline in the market likely discourages potential players from entering. The Canadian market has been in constant decline since the early nineties when imported textiles represented approximately 43% of the Canadian market, while imported clothing represented 35%. Many of these losses are due to the expanding Asian and third world markets including Mexico whose supply of cheap and plentiful labor has tipped the balance in textile manufacturing. By 2004, imported goods supplied over 60% of these markets. Overall, the threat of new entrants is assessed as moderate.
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Substitutes
Figure 8: Factors influencing the threat of substitutes in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Within the textiles market there exist only limited options for fiber substitution. This is particularly true of the synthetic fibers which have been developed to satisfy a need. For example, nylon is dominant in womens hosiery, some areas of lingerie and carpets, whilst polyester is dominant in the heavy work wear and minimum care apparel markets. The consumption of fibers by end use gives a further indicator of trends in usage and subsequent wastage. Players with appropriately diversified manufacturing capacity can use several different raw materials, and the degree of diversification influences the threat of substitutes. If a fiber manufacturer specializes in one market segment, such as woolen yarns, then the threat of substitutes is strong. This is because if woolen yarn manufacturers try to increase price too much, yarn buyers (fabric manufacturers) can reduce their usage of wool and increase production of cotton or synthetic-based textiles - subject, of course, to satisfying demand from their own buyers. A wool fiber specialist cannot readily respond to this, as the production techniques for wool, cotton, and synthetic fibers are quite different, requiring investment in different equipment. In practice, it is common for textile fiber manufacturers to offer products in more than one market segment. This significantly weakens the threat of substitutes in many cases. The benefits of substitutes to buyers are not always clear-cut. For example, buyers with substantial activities in denim manufacturing cannot readily substitute cotton yarns with a different material, as their own product has to be made mainly of cotton. Overall, the threat of substitutes is assessed as moderate.
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Rivalry
Figure 9: Drivers of degree of rivalry in the textiles market in Canada, 2009
Source: Datamonitor
DATAMONITOR
Textile manufacturing, while more concentrated in most countries than downstream apparel manufacturers, it nevertheless remains fragmented, and the larger number of players present within the market tends to boost the rivalry level. It is also more capital-intensive and less labor-intensive than the downstream clothing manufacturing industry. Due to the need for industry-specific production equipment, exit barriers are high as it would be relatively hard to divest such specialized assets. In a highly automated industry, with little need for a highly-skilled workforce, production capacity can be increased readily when needed. Companies are similar in respect to their production, however some specialize more within natural fibers than synthetic and vice-versa. In many cases, the fiber and yarn production business is highly important to their operation, which means that the competitive stakes are raised. With the exception of some niche, specialist fibers and yarns, most products within each category are only weakly differentiated, strengthening the competition. Furthermore, rivalry has increased in recent times, with the current decline limiting revenues. Overall, rivalry is assessed as strong.
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LEADING COMPANIES
LEADING COMPANIES
Victor Group Inc
Table 4: Head office: Telephone: Fax: Website: Source: company website Victor Group Inc: key facts 2805 90th Street, Saint-Georges, QC G6A 1K1, CAN 1 418 227-9897 1 418 228-8985 www.victor-innovatex.com DATAMONITOR
Victor Group is a leading North American textile manufacturer for contract and commercial interiors. A key offering is based on its Eco Intelligence Initiatives, environmentally sustainable fabrics developed in partnership with environmental consultancy McDonough Braungart Design Chemistry. The company operates through its subsidiaries: Victor Innovatex, Victor Woolen and Victor Forstmann. Victor Innovatex is a producer of seating and panel fabrics. Victor Woolen (Canada) and Victor Forstmann (US.) manufacture woolen and worsted fabrics for fashion, billiard and gaming cloth, school uniforms, baseball caps, military uniforms, and headwear. Quebec-based Victor Woolen, founded in 1947, originally specialized in the recycling of used wool garments into blankets. Later the company gradually began to sell fabric by the yard to outerwear manufacturers. Victor has been serving the North American contract furniture industry since 1980. Later on, the company expanded its product offering to include upholstery fabrics in 1994 with the new Victor Innovatex division. On March 23, 2009, Victory announced the acquisition of Craftex Mills. Key Metrics There is no financial information available for the company.
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LEADING COMPANIES
Bayer AG
Table 5: Bayer AG: key facts Kaiser-Wilhelm-Allee 1 51368 Leverkusen, DEU 49 214 301 49 214 306 6328 www.bayer.com December BAYN Frankfurt DATAMONITOR
Head office: Telephone: Fax: Website: Financial year-end: Ticker: Stock exchange: Source: company website
Bayer is the holding company of the Bayer Group which includes 302 consolidated companies worldwide. The group offers a range of products, including ethical pharmaceuticals and other healthcare products, agricultural products, and polymers. It operates in Asia-Pacific, Europe, North America, Latin America, Africa, and Middle East. The business operations of the group are organized into three business subgroups: HealthCare, MaterialScience, and CropScience. The HealthCare subgroup researches, develops, manufactures, and markets products for the prevention, diagnosis, and treatment of diseases in human beings and animals. The healthcare business subgroup includes the pharmaceuticals and consumer health reportable segments. The pharmaceuticals segment develops, produces, and markets prescription pharmaceuticals. These are used for the treatment of hypertension, cardiovascular diseases, infectious diseases, cancer and multiple sclerosis, and for contraception. It also includes contrast media for use in diagnostic imaging. The segment includes the operations of Bayer Schering Pharma. Bayer Schering Pharma, headquartered in Germany, is engaged in manufacturing prescription medicines. It also provides its products and services in the markets of diagnostic imaging, hematology/cardiology, oncology, and primary care (anti-infectives, men's healthcare, cardiovascular and metabolic diseases). It provides its products and services in the markets of specialized therapeutics (drugs for treating diseases of the central nervous system) and women's healthcare (contraception, menopause management, and gynecological therapies).
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LEADING COMPANIES
The consumer health segment develops, produces, and markets over-the-counter (OTC) medications, dietary supplements for humans and animals, veterinary medicines and grooming products for animals. It also manufactures diagnostic systems such as blood glucose meters, and medical equipment such as injection systems for diagnostic procedures. The consumer health segment comprises three global divisions: animal health, consumer care, and medical care. The animal health division is headquartered in Germany, while consumer care and medical care are based in the US. The animal health division manufactures products for farm animals and companion animals. The consumer care division provides non-prescription medicines and vitamin products. The medical care division is primarily engaged in providing blood glucose monitoring devices and contrast agent injection systems. The MaterialScience subgroup is a supplier of high-performance materials such as polycarbonates and polyurethanes and innovative system solutions used in a range of products. Its customers include the automotive and construction industries, the electrical/electronics sector, and manufacturers of sports and leisure articles, packaging, and medical equipment. The MaterialScience segment develops produces, and markets high-quality plastic granules, sheet, and film. It is also engaged in the development, production, and marketing of polyurethanes for a variety of applications and of coating and adhesive raw materials. The segment is further engaged in the production and marketing of inorganic basic chemicals. The segment's principal products are polycarbonates, polyurethanes, coatings, adhesives, and specialties; and thermoplastic polyurethanes. The CropScience subgroup is engaged in making products for crop protection and non-agricultural pest control. The subgroup also has major activities in seeds and crop plants with genetically optimized properties. It includes the crop protection and environmental science and bioscience reportable segments. The crop protection segment develops, produces, and markets a portfolio of fungicides, herbicides, insecticides, and seed treatment products to meet a range of regional requirements. The environmental science and bioscience segment develops, produces, and markets a range of products for the green industry: garden care, non-agricultural pest, and weed control, as well as seeds and plant traits. Its major products include K-Othrine, Merit, Premise, Racumin, Bayer Advanced, and Bayer Garden. Bioscience offers an integrated portfolio of high quality seeds, trait technologies and high performance crop protection products. The bioscience segment's major products include Nunhems, Arize, InVigor, and FiberMax.
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LEADING COMPANIES
Besides the healthcare, material science, and crop science business subgroups, the operations of the Bayer Group are supported by the service companies Bayer Business Services, Bayer Technology Services, and Currenta. Bayer Business Services is the Bayer Group's international center for IT-based services. It provides its services in four areas: IT infrastructure and telecommunications; procurement and logistics; human resources and executive personnel services; and finance and accounting. The services range from consultancy to the handling of entire business processes. Bayer Technology Services is engaged in process development and in process and plant engineering, construction and optimization. This company also develops technology platforms that contribute to the efficiency of Bayer's operating units. Bayer Technology Services offers integrated solutions along the life cycles of facilities, processes and products. Currenta offers services for the chemical industry, including utility supply, waste management, infrastructure, safety, security, analytics, and vocational training. This service company is a joint venture between Bayer and Lanxess. It operates the chemical park sites in Leverkusen, Dormagen, and KrefeldUerdingen, in Germany. Key Metrics The company recorded revenues of $43,339 million in the fiscal year ending December 2009, a decrease of 5.3% compared to fiscal 2008. Its net income was $1,890 million in fiscal 2009, compared to a net income of $2,379 million in the preceding year. In fiscal 2009, the MaterialScience subgroup recorded revenues of 7,520 million (approximately $10,457 million), a decrease of 22.8% on the previous year.
Table 6: $ million
Bayer AG: key financials ($) 2005 34,347.0 2,220.6 51,062.4 35,659.7 82,600 2006 40,263.6 2,340.2 77,717.1 59,964.4 106,000 2007 45,031.7 6,550.7 71,441.7 48,051.9 106,200 2008 45,772.8 2,379.2 73,017.1 50,403.2 108,600 2009 43,339.5 1,889.7 70,974.5 44,622.9 108,400
Revenues Net income (loss) Total assets Total liabilities Employees Source: company filings
DATAMONITOR
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LEADING COMPANIES
Table 7: million
Bayer AG: key financials () 2005 24,701.0 1,597.0 36,722.0 25,645.0 2006 28,956.0 1,683.0 55,891.0 43,124.0 2007 32,385.0 4,711.0 51,378.0 34,557.0 2008 32,918.0 1,711.0 52,511.0 36,248.0 2009 31,168.0 1,359.0 51,042.0 32,091.0
Revenues Net income (loss) Total assets Total liabilities Source: company filings
DATAMONITOR
Table 8: Ratio
Bayer AG: key financial ratios 2005 6.5% (17.0%) (2.9%) 0.4% 69.8% 4.3% $415,823 $26,884 2006 5.8% 17.2% 52.2% 68.2% 77.2% 3.6% $379,846 $22,078 2007 14.5% 11.8% (8.1%) (19.9%) 67.3% 8.8% $424,027 $61,683 2008 5.2% 1.6% 2.2% 4.9% 69.0% 3.3% $421,481 $21,908 2009 4.4% (5.3%) (2.8%) (11.5%) 62.9% 2.6% $399,810 $17,433
Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Revenue per employee Profit per employee Source: company filings
DATAMONITOR
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LEADING COMPANIES
Figure 10: Bayer AG: revenues & profitability
Source: company filings
DATAMONITOR
Figure 11: Bayer AG: assets & liabilities
DATAMONITOR
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LEADING COMPANIES
Ruddick Corporation
Table 9: Head office: Telephone: Website: Financial year-end: Ticker: Stock exchange: Source: company website Ruddick Corporation: key facts 301 South Tyron Street, Suite 1800, Charlotte, North Carolina 28202, USA 1 704 372 5404 www.ruddickcorp.com September RDK New York DATAMONITOR
Ruddick, through its operating subsidiaries, is engaged in two primary businesses: Harris Teeter operates a regional chain of supermarkets in eight states in the southeastern US and the District of Columbia, and American & Efird manufactures and distributes industrial sewing thread, embroidery thread and technical textiles. The company primarily operates in two business segments: retail grocery operated by Harris Teeter, and industrial sewing thread operated by A&E. Harris Teeter operated a total of 176 supermarkets located in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, District of Columbia, Florida and Georgia in September 2008. The supermarkets offer a range of branded and private label merchandise in a number of categories including groceries, produce, meat and seafood, delicatessen items, bakery items, wines and non-food items such as health and beauty care, general merchandise and floral. The supermarket's fresh meat department offers a variety of food products from organic chicken to prepared ready-to-cook steaks and burgers. The farmers market department offers a selection of conventional and organic fruits and vegetables. The supermarket offers seafood items in its fishermans market department. In addition, the supermarkets offer various ancillary services such as movie rental, money transfer, money order, payment and prepaid services to its customers. The company also operated 112 in-store pharmacies (as of September 2008) in its supermarkets. The pharmacy stores provide various services including prescription filling and patient counseling in its supermarkets. To support its retail supermarket operation the company owns and operates two distribution centers located in Charlotte and Greensboro.
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LEADING COMPANIES
In addition, Ruddick owns and operates one dairy production facility in High Point, North Carolina, to produce milk, ice cream and related products. Harris Teeter purchases a majority of its products from external suppliers or directly from manufacturers. A&E is engaged in the manufacturing and distribution of industrial sewing thread, embroidery thread and technical textiles, which are produced from natural and synthetic fibers. The company's threads and textiles are used for apparel, automotive materials, home furnishings, medical supplies and footwear manufacturers. A&E sells its products through sales representatives, commissioned agents and distributors. In addition, A&E also distributes sewing supplies manufactured by other companies. To support its manufacturing and distribution activities, the company owns and operates six manufacturing plants and one distribution centre in North Carolina. In addition, A&E also has whollyowned operations in Canada, China, Colombia, Costa Rica, El Salvador, England, Guatemala, Honduras, Hong Kong, Nicaragua, Italy, Mexico, Malaysia, The Netherlands, Turkey, Poland and Slovenia; majorityowned joint ventures in China, Dominican Republic and South Africa; minority interest in ventures in Bangladesh, Brazil, India and Sri Lanka; and a 50% ownership interest in a Chinese joint venture. A&E purchases cotton from farmers and domestic cotton merchants. The company sources synthetic fibers from the American synthetic fiber producers for domestic operations and from the Asian and American synthetic fiber producers for operations in China. Key Metrics The company recorded revenues of $4,078 million in the fiscal year ending September 2009, an increase of 2.1% compared to fiscal 2008. Its net income was $86 million in fiscal 2009, compared to a net income of $97 million in the preceding year.
Table 10: $ million
Ruddick Corporation: key financials ($) 2005 2,964.7 68.6 1,203.6 594.7 20,400 2006 3,265.9 72.3 1,362.9 692.4 22,400 2007 3,639.2 80.7 1,529.7 793.1 24,800 2008 3,992.4 96.8 1,696.4 872.6 25,500 2009 4,077.8 86.0 1,844.3 1,032.1 24,800
Revenues Net income (loss) Total assets Total liabilities Employees Source: company filings
DATAMONITOR
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LEADING COMPANIES
Table 11: Ratio
Ruddick Corporation: key financial ratios 2005 2.3% 3.4% 8.5% 6.3% 49.4% 5.9% $145,328 $3,363 2006 2.2% 10.2% 13.2% 16.4% 50.8% 5.6% $145,799 $3,228 2007 2.2% 11.4% 12.2% 14.5% 51.8% 5.6% $146,742 $3,254 2008 2.4% 9.7% 10.9% 10.0% 51.4% 6.0% $156,565 $3,796 2009 2.1% 2.1% 8.7% 18.3% 56.0% 4.9% $164,427 $3,468
Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Revenue per employee Profit per employee Source: company filings
DATAMONITOR
Figure 12: Ruddick Corporation: revenues & profitability
DATAMONITOR
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LEADING COMPANIES
Figure 13: Ruddick Corporation: assets & liabilities
DATAMONITOR
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LEADING COMPANIES
Gildan Activewear Inc

Table 12: Head office: Telephone: Fax: Website: Financial year-end: Ticker: Stock exchange: Source: company website Gildan Activewear Inc: key facts 600 de Maisonneuve West, 33rd floor, Montreal, Quebec H3A 3J2, CAN 1 514 735 2023 1 514 735 6810 www.gildan.com September GIL, GIL Toronto, New York DATAMONITOR
Gildan Activewear (Gildan) is a vertically integrated marketer and manufacturer of activewear, underwear and socks. It supplies activewear to the wholesale imprinted sportswear market in the US, Canada and Europe. In addition, its products include socks and underwear. The company operates in one business segment: non-fashion apparel. The company has a sock manufacturing facility located in Central America and operates US sock knitting facilities in Fort Payne, Alabama. The company operates sewing facilities in Honduras and Nicaragua to support its textile manufacturing hub in Central America. CanAm Yarns, Gildan's joint-venture company with Frontier Spinning Mills, operates yarn-spinning facilities in Georgia and North Carolina. The company markets and manufactures basic, non-fashion apparel products. It sells activewear, such as T-shirts, fleece and sport shirts to wholesale distributors under the brand Gildan. The company's activewear products, namely T-shirts, fleece and sport shirts under the Gildan brand, are sold in large quantities to wholesale distributors as undecorated "blanks", which are subsequently sold to screenprinters and embroiderers who decorate the products with designs and logos. Screenprinters then sell the imprinted activewear to a diversified range of end-use markets, including educational institutions, athletic dealers, event merchandisers, promotional product distributors, charity organizations, entertainment promoters, and travel and tourism venues. The company's subsidiaries include Gildan Activewear, Kentucky Derby Hosiery, Gildan Choloma Textiles, Gildan Activewear Dominican Republic Textile Company, Gildan Activewear Honduras Textiles Company, Gildan Honduras Hosiery Factory, Gildan Activewear Properties, Gildan Activewear (Eden), Gildan Activewear (UK) and V.I. Prewett & Son.
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LEADING COMPANIES
Key Metrics The company recorded revenues of $1,038 million in the fiscal year ending September 2009, a decrease of 16.9% compared to fiscal 2008. Its net income was $95 million in fiscal 2009, compared to a net income of $146 million in the preceding year.
Table 13: $ million
Gildan Activewear Inc: key financials ($) 2005 653.9 85.8 596.5 177.0 2006 773.2 106.3 718.9 192.7 2007 964.4 129.1 867.7 210.8 2008 1,249.7 146.4 1,095.0 283.5 2009 1,038.3 95.3 1,082.4 171.6
Revenues Net income (loss) Total assets Total liabilities Source: company filings
DATAMONITOR
Table 14: Ratio
Gildan Activewear Inc: key financial ratios 2005 13.1% 22.6% 22.2% 9.8% 29.7% 15.8% 2006 13.7% 18.2% 20.5% 8.9% 26.8% 16.2% 2007 13.4% 24.7% 20.7% 9.4% 24.3% 16.3% 2008 11.7% 29.6% 26.2% 34.5% 25.9% 14.9% 2009 9.2% (16.9%) (1.2%) (39.5%) 15.9% 8.8%
Profit margin Revenue growth Asset growth Liabilities growth Debt/asset ratio Return on assets Source: company filings
DATAMONITOR
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LEADING COMPANIES
Figure 14: Gildan Activewear Inc: revenues & profitability
DATAMONITOR
Figure 15: Gildan Activewear Inc: assets & liabilities
DATAMONITOR
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MARKET FORECASTS
MARKET FORECASTS
Market value forecast
In 2014, the Canadian textiles market is forecast to have a value of $12.3 billion, a decrease of 11.5% since 2009. The compound annual rate of change of the market in the period 200914 is predicted to be -2.5%. Table 15: Year 2009 2010 2011 2012 2013 2014 CAGR: 200914 Source: Datamonitor Canada textiles market value forecast: $ billion, 200914 $ billion 13.9 13.6 13.2 12.9 12.6 12.3 C$ billion 15.9 15.5 15.1 14.7 14.4 14.0 billion 10.0 9.8 9.5 9.3 9.1 8.8 % Growth (3.1%) (2.5%) (2.5%) (2.5%) (2.5%) (2.5%) (2.5%) DATAMONITOR
Figure 16: Canada textiles market value forecast: $ billion, 200914
Source: Datamonitor
Canada - Textiles
DATAMONITOR
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MACROECONOMIC INDICATORS
Table 16: Year 2005 2006 2007 2008 2009 Source: Datamonitor Canada size of population (million), 200509 Population (million) 32.4 32.7 32.9 33.2 33.5 % Growth 0.8% 0.8% 0.9% 0.8% 0.8% DATAMONITOR
Table 17: Year 2005 2006 2007 2008 2009
Canada GDP (constant 2000 prices, $ billion), 200509 Constant 2000 Prices, $ billion 821.7 845.3 867.8 871.3 848.7 % Growth 2.9% 2.9% 2.7% 0.4% (2.6%) DATAMONITOR
Source: Datamonitor
Table 18: Year 2005 2006 2007 2008 2009
Canada GDP (current prices, $ billion), 200509 Current Prices, $ billion 1,129.4 1,266.5 1,402.6 1,451.3 1,310.1 % Growth 12.9% 12.1% 10.7% 3.5% (9.7%) DATAMONITOR
Source: Datamonitor
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Table 19: Year 2005 2006 2007 2008 2009
Canada inflation, 200509 Inflation Rate (%) 2.2% 2.0% 2.1% 2.4% 0.3% DATAMONITOR
Source: Datamonitor
Table 20: Year 2005 2006 2007 2008 2009
Canada consumer price index (absolute), 200509 Consumer Price Index (2000 = 100) 112.2 114.4 116.9 119.7 120.1 % Growth 2.2% 2.0% 2.1% 2.4% 0.3% DATAMONITOR
Source: Datamonitor
Table 21: Year 2005 2006 2007 2008 2009
Canada exchange rate, 200509 Exchange rate ($/C$) 1.2117 1.1346 1.0744 1.0667 1.1417 Exchange rate (/C$) 1.5061 1.4236 1.4701 1.5608 1.5876 DATAMONITOR
Source: Datamonitor
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APPENDIX
APPENDIX
Methodology
Datamonitor Industry Profiles draw on extensive primary and secondary research, all aggregated, analyzed, cross-checked and presented in a consistent and accessible style. Review of in-house databases Created using 250,000+ industry interviews and consumer surveys and supported by analysis from industry experts using highly complex modeling & forecasting tools, Datamonitors in-house databases provide the foundation for all related industry profiles Preparatory research We also maintain extensive in-house databases of news, analyst commentary, company profiles and macroeconomic & demographic information, which enable our researchers to build an accurate market overview Definitions Market definitions are standardized to allow comparison from country to country. The parameters of each definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the market and our clients Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and trends Datamonitor aggregates and analyzes a number of secondary information sources, including: National/Governmental statistics International data (official international sources) National and International trade associations Broker and analyst reports Company Annual Reports Business information libraries and databases
Modeling & forecasting tools Datamonitor has developed powerful tools that allow quantitative and qualitative data to be combined with related macroeconomic and demographic drivers to create market models and forecasts, which can then be refined according to specific competitive, regulatory and demand-related factors Continuous quality control ensures that our processes and profiles remain focused, accurate and up-to-date
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APPENDIX
Industry associations
International Textile and Apparel Association, Inc. 6060 Sunrise Vista Drive, Suite 1300 Citrus Heights, CA 95610, USA Tel.: 1 916 723 1628 Fax: 1 916 722 8149 www.itaaonline.org International Apparel Federation P.O. Box 428, 3700 AK ZEIST, the Netherlands Tel.: 31 30 232 09 08 Fax: 31 30 232 09 99 www.iafnet.com International Textile Manufacturers Federation (ITMF) Am Schanzengraben 29, Postfach CH-8039, Zrich, Switzerland Tel.: 41 44 283 6380 Fax: 41 44 283 6389 www.itmf.org
Related Datamonitor research

Industry Profile Textiles in France Textiles in Germany Textiles in the United Kingdom Textiles in Belgium
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APPENDIX
Disclaimer
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Datamonitor plc. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that Datamonitor delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such Datamonitor can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.
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ABOUT DATAMONITOR
ABOUT DATAMONITOR
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Textiles in Canada: Industry Profile

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Market value forecast

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Canada textiles market value: $ billion, 200509

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Canada textiles market segmentation I:% share, by value, 2009

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Canada textiles market segmentation II: % share, by value, 2009

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FIVE FORCES ANALYSIS

FIVE FORCES ANALYSIS

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FIVE FORCES ANALYSIS

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FIVE FORCES ANALYSIS

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FIVE FORCES ANALYSIS

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Figure 10: Bayer AG: revenues & profitability

Source: company filings

Figure 11: Bayer AG: assets & liabilities

Source: company filings

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Table 10: $ million

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Table 11: Ratio

Figure 12: Ruddick Corporation: revenues & profitability

Source: company filings

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Figure 13: Ruddick Corporation: assets & liabilities

Source: company filings

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Gildan Activewear Inc

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Table 13: $ million

Table 14: Ratio

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Figure 14: Gildan Activewear Inc: revenues & profitability

Source: company filings

Figure 15: Gildan Activewear Inc: assets & liabilities