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 Locations Chapter
The spread of shoe stores closely follow that of the US population. Operators serve their local markets and open up shop close to their customers. The Southeast has the highest concentration of residents (25.4% of the population) and the highest portion of shoe stores (27.3% of the industry's establishments). Florida is the largest state in the region in terms of establishments, accounting for 7.4% of total shoe stores, but only 6.1% of the population. The disparity indicates that consumers in Florida are more likely to spend more on shoes than the average American, or that's at least what industry operators are thinking.
The Mid-Atlantic region also follows this pattern. The region holds 18.5% of shoe stores and 15.5% of the population... purchase to read more