Next step: Pressure from imports, department stores and online sales will force stores to stay competitive
IBISWorld’s Shoe Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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 Locations Chapter
The spread of shoe stores and industry revenue 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 (25.2% of the population) and the highest portion of shoe stores (27.6% of the industry's establishments and 25.2% of revenue). Florida is the largest state in the region in terms of establishments, accounting for 7.4% of total shoe stores and 7.1% of revenue but only 6.0% of the population. The disparity indicates that consumers in Florida are more likely to spend more on shoes than the average American.
The Mid-Atlantic region also follows this pattern. The region holds 18.2% of shoe stores (21.5% of revenue) and 15.7% of the population... purchase to read more
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 (included in IBISWorld industry report 45111, Sporting Goods Stores) are excluded from this industry, as are any sales made via catalogs or the internet.
Men's shoes (not including athletic)Women's shoes (not including athletic)Men's athletic shoesWomen's athletic shoesChildren's shoesSlippers and other shoes
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