Next step: Operators will look to combat external competition by increasing product selection

The Shoe Stores industry relies on strong consumer spending to spur demand for industry products. The economy has strengthened significantly over the five years to 2018, with the Consumer Confidence Index and per capita disposable income increasing, fueling a surge of discretionary purchases. Despite growth during the majority of the five-year period, however, revenue fell in 2017 due to numerous store closures and the steady shift toward online shopping. Despite continued economic growth and strong consumer spending, the Shoe Stores industry is expected to struggle over the five years to 2023. With e-commerce sales expected to rise, industry operators will struggle to compete with the increasingly affordable and accessible mobile shopping option...purchase to read more.

Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
246,192
Businesses
30,048

Industry Threats & Opportunities

  • The industry experiences stiff competition from department stores and online retailers
  • The internet offers a combination of time and money savings, posing an especially strong threat
  • As both internal and external competition rise, many operators will scale back their locations
  • Industry Report - Industry Key Buyers Chapter

    The four largest players in the Shoe Stores industry are Foot Locker Retail Inc., Designer Shoe Warehouse Inc., Payless ShoeSource Inc. and Caleres Inc. Together, they account for 31.6% of industry revenue, giving the industry a low level of concentration. Concentration has increased slightly over the five years to 2018 as merger and acquisition activity has become more prominent. Additionally, companies that have enough funds to invest in multichannel operations have benefited more than smaller operators with minimal resources...purchase to read more.

    Additional Insights for the Shoe Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Shoe Stores Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Shoe Stores industry impact industry performance..

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    What's in this report

    What is the Shoe Stores Industry?

    Retailing footwear is the primary function of this industry. The sale of footwear usually involves purchasing footwear from wholesalers and selling it directly to customers. Hosiery and sports footwear, such as golf shoes, bowling shoes and cleats, are excluded from this industry, as are any sales made via catalogs or the internet.

    Industry Products
  • Men's nonathletic shoes
  • Women's nonathletic shoes
  • Men's athletic shoes
  • Women's athletic shoes
  • Children's shoes
  • Slippers and other shoes
  • Industry Activities
  • Retailing children's shoes
  • Retailing athletic shoes (except sport-specific shoes like cleats and bowling shoes)
  • Retailing men's casual and formal shoes
  • Retailing women's casual and formal shoes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Percentage of services conducted online
  • Price of shoes
  • Participation in sports

  • Current Performance
  • Trendy consumer base
  • Rising competition
  • Margins remained squeezed
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition stiffens
  • Moving forward
  • Table: Shoe Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shoe Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Footwear Wholesaling
  • Leather Good & Luggage Manufacturing
  • Shoe & Footwear Manufacturing

  • Products & Services
  • Women's nonathletic shoes
  • Men's athletic shoes
  • Slippers and other shoes
  • Children's shoes
  • Men's nonathletic shoes
  • Women's athletic shoes
  • Chart: Shoe Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 44
  • Consumers aged 45 to 64
  • Consumers under age 25
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Shoe Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Shoe Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe Stores Industry

  • Industry Globalization
    Foot Locker Retail Inc., Caleres Inc., Designer Shoe Warehouse Inc., Payless Shoesource Inc.,
  • Table: Foot Locker Retail Inc. - financial performance
  • Table: Caleres Inc. - financial performance
  • Table: Designer Shoe Warehouse Inc. - financial performance
  • Table: Payless Shoesource Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Shoe Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Shoe Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Price of shoes (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Retail Theater
  • An in-store display that uses various sensory elements to provide customers with advertising and product information while they shop.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Shoe Stores can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Shoe Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Shoe Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Shoe Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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