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

IBISWorld’s Shoe Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.


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 Analysis & Industry Trends

    The Shoe Stores industry, like most retail industries, relies on strong consumer spending to spur demand for industry products. Over the five years to 2017, the economy has strengthened from recessionary declines with both the Consumer Confidence Index and disposable income increasing. The resilience of the consumer following the recession has been the main factor driving industry growth, leading revenue to increase over the period. Despite its recent healthy performance, the industry experiences competitive threats from alternative retailers that stock shoes. Department stores, mass merchandisers and online-based retailers give consumers the option to buy their shoes in more convenient ways than traditional shoe stores.

    Industry Report - Industry SWOT Analysis Chapter

    Over the 10 years to 2022, the Shoe Stores industry's contribution to the economy (measured as its industry value added, or IVA) is forecast to decline at an annualized rate of 1.3%, while US GDP is expected to grow at an annualized rate of 2.0% over the same period. An industry with IVA growing at a slower rate than the overall economy is usually classified as an industry in its declining phase; however, the Shoe Stores industry exhibits characteristics of a mature industry. The Shoe Stores industry relies on broader economic trends such as consumer spending, further indicating the industry's heavy reliance on the overall economy, and solidifying this industry as one in its mature phase.

    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

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

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

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe Stores Industry

  • Industry Globalization
    Major Companies
    Foot Locker Retail Inc. Caleres Inc.Designer Shoe Warehouse Inc.Payless ShoeSource
  • Table: Foot Locker Retail Inc. - financial performance
  • Table: Caleres Inc. - financial performance
  • Table: Designer Shoe Warehouse Inc. - financial performance
  • Table: Payless ShoeSource - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Shoe Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of shoes (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • 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.
  • Why buy this report?

    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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