Industry Analysis & Industry Trends
Following revenue declines due to weak consumer purchasing power during the recession, the Shoe Stores industry has recorded growth in each year since 2010. The rebound has primarily been fueled by rising consumer sentiment and per capita disposable income. As the economy continues to recover and consumers loosen their discretionary budgets, the industry is anticipated to fare well. While competition will likely continue to intensify, participants in the Shoe Stores industry can effectively compete by offering exclusive shoe styles... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2018, the Shoe Stores industry's contribution to the economy (measured via its industry value added, or IVA) is forecast to grow at an average annual rate of 3.5% while US GDP climbs 2.1% per year on average. These coinciding rates place the Shoe Stores industry in a mature life cycle stage. While the recession cut revenue and profit, recovery within the industry has been apparent in recent years and is expected to continue through 2018 as consumers' budgets expand.
Consolidation has defined the Shoe Stores industry in the past five years, with establishment numbers falling from 33,196 in 2008 to an estimated 30,036 in 2013. Competition from alternative retailers is expected to continue pushing unprofitable stores out of the industry... purchase to read more