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Shoe Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Shoe Stores Market Research Report | NAICS 44821 | Jul 2015

Next step: Operators will look to combat external competition by increasing product selection

IBISWorld’s Shoe Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 10-15
3.0%
Annual Growth 15-20
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Profit
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Employment
216,051
Businesses
11,629
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 Investment Chapter

The Shoe Stores industry has a low level of capital intensity, which is similar to most participants in the retail industry. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.08 in capital investment. Retailing industries are typically labor intensive because a large staff is required to serve customers. Most employees are part-time or casually employed to keep wage costs to a minimum. Labor costs are also incurred through re-stocking shelves and maintaining control of inventory levels. Some retailers that sell shoes at a discounted price cannot afford to have such high wage costs and have therefore implemented self-service in their stores... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shoe Stores Industry?

Retailing footwear is the primary function of this industry. The sale of footwear usually involves purchasing footwear from wholesalers and selling it directly to customers. Hosiery and sports footwear, such as golf shoes, bowling shoes and cleats, are excluded from this industry, as are any sales made via catalogs or the internet.

Industry Products
Men's shoes (not including athletic)Women's shoes (not including athletic)Men's athletic shoesWomen's athletic shoesChildren's shoesSlippers and other shoes
 
Industry Activities
Retailing children's shoesRetailing athletic shoes (except sport-specific shoes like cleats and bowling shoes)Retailing men's casual and formal shoesRetailing women's casual and formal shoes


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