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 Locations Chapter
Based on data from the US Census Bureau, the geographic distribution of Shoe Repair industry establishments and regions' contributions to industry revenue closely follows but does not mirror the geographic distribution of the population. On the one hand, this is because shoe repair shops tend to serve their local communities, and more densely populated areas can support more shops; however, many shops operate primarily through mail-order repairs, making their location and revenue stream less dependent on demand from their local population. The regions below are ranked according to their share of industry establishments.
The Mid-Atlantic region contains the largest number of industry establishments, with 24.5% of the industry's locations... purchase to read more