Industry Analysis & Industry Trends
The discretionary nature of shoe shopping makes this industry highly dependent on consumer sentiment and disposable income. As the economy recovers and incomes grow, consumers are forecast to return to shopping in the industry. Even so, operators will continue to experience competition from low-cost imports, department stores and e-commerce shoe sales as consumers increasingly prefer the convience of one-stop and online shopping... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2017, the Shoe Stores industry's IVA (or industry value added, a measurement of its contribution to the overall economy) is forecast to grow at an average annual rate of 1.9% while US GDP climbs 1.8% per year on average. These coinciding rates place the Shoe Stores industry in a mature life cycle stage. While the recession ravaged revenue and profit, the next five years promise to bring recovery to industry operators.
Consolidation has defined the Shoe Stores industry in the past five years, with enterprise numbers falling from 12,015 in 2007 to an estimated 10,865 in 2012. Competition from alternative retailers is expected to continue pushing unprofitable players out of the industry... purchase to read more