Industry Analysis & Industry Trends
The Shoe Stores industry, like most retail industries, relies on strong consumer spending to spur demand for industry products. Over the past five years, the economy has begun recovering from recessionary declines with both the Consumer Confidence Index and disposable income increasing. In the coming years, as the economy continues to recover and consumers loosen their discretionary budgets, the industry is anticipated to fare well. However, to combat mounting external competition, operators will look to increase product selection and staff size to improve customer service and provide a pleasant shopping experience... purchase to read more
Industry Report - Industry Analysis Chapter
The Shoe Store industry was hit hard by the recession as disposable income and consumer confidence crumbled, leading to fewer purchases of shoes. When consumers did shop, they sought out shoe deals at discount department stores and online retailers, reducing demand for shoe stores and hurting the Shoe Stores industry’s top and bottom lines.
Fortunately, since the end of the recession, the Shoe Stores industry has fared well. Consumer sentiment has shown signs of a rebound while the economy has slowly chugged into recovery. This has led shoppers to make more discretionary shoe purchases, fueling industry demand and revenue growth. Over the five years to 2015, revenue is estimated to climb at an average annual rate of 3.0% to reach $35.5 billion... purchase to read more