Industry Analysis & Industry Trends
Industry in repair
Because this industry is generally countercyclical, business went up during the recession as people opted to repair their shoes instead of buying new ones. This trend is expected to hold through 2012; however, as the economy recovers, people will return to buying new shoes, especially as the average price of shoes continues to decline. Fast-fashion trends and low-priced imports will also hamper demand for repairs. In response, shops will focus on high-income customers with high-end shoes... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration measures the extent to which large players dominate an industry. This industry is highly fragmented and does not have any major operators. The average revenue per company in this industry is about $70,000, or 0.02% of industry revenue.
Additionally, most operators in the Shoe Repair industry are nonemployers, meaning that the owner is also the sole employee. Of the estimated 4,697 shoe repair locations in the United States about 3,711 (or 79.0%) are nonemploying. The majority of shoe repair companies serve their local communities, with very few companies operating more than one establishment. As such, the Shoe Repair industry has a very low level of market share concentration... purchase to read more