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 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