The Footwear Retailing industry lost its footing in the past five years. The industry is highly dependent on economic conditions and consumer confidence. The financial crisis that commenced in 2008 hit the industry in following years. Revenue is expected to contract by 3.3% per annum over the five years through 2012-13. During 2012-13, revenue is forecast to slip by 4.3% to $3.09 billion. The industry has been plagued by the same problems faced by most retailers in Australia. Weak consumer sentiment, increasing competition and decreasing protection have all contributed to the decline of the Footwear Retailing industry.
These stores are engaged in the retail of footwear and retailed items. This involves purchasing a variety of footwear products for all purposes from wholesalers and making them available to the public. Generally, retailers will not value-add or change products further. Most of these retailers will undertake sales and administrative activities such as customer service, product merchandising, advertising, inventory control and cash handling.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.