The Footwear Retailing industry has lost its footing in the past five years. The industry is highly dependent on economic conditions and consumer confidence, both of which were adversely affected by instability in financial markets. Volatile consumer sentiment, subdued discretionary spending, fierce competition and a difficult retail environment are expected to contribute to a decline in industry revenue. Revenue is expected to contract by an annualised 2.9% in the five years through 2014-15, to $2.8 billion. Weak consumer sentiment during 2014-15 is expected to reduce revenue by 2.4% for the year.
Stores in this industry are primarily engaged in retailing footwear. Retailers typically purchase a variety of footwear from wholesalers and manufacturers and then sell these products to consumers. Generally, retailers will not value add or change products further. Most retailers in the industry sell their products from one or more shopfront and may operate an online store. The industry excludes department stores and online-only retailers.
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.