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 Analysis Chapter
Shoe retailers took a strong hit to revenue during the recession, with a sharp 7.1% decline in 2009. During the year, consumer sentiment plummeted as unemployment soared and per capita disposable income dropped. In addition to weak consumer spending, external competition from alternative shoe retailers hurt the industry during the year. Consumers sought out shoe deals at discount department stores and via online retailers, reducing demand for shoe stores and limiting the industry's revenue growth.
Fortunately, since the end of the recession, the Shoe Stores industry has fared well. Revenue has grown in each of the four years since 2010, with an expected 5.3% gain in 2013. Consumer sentiment has shown signs of a rebound while the economy has slowly chugged into recovery... purchase to read more