Following revenue declines due to weak consumer purchasing power during the recession, the Shoe Stores industry has recorded growth in each year since 2010. The rebound has primarily been fueled by rising consumer sentiment and per capita disposable income. As the economy continues to recover and consumers loosen their discretionary budgets, the industry is anticipated to fare well. While competition will likely continue to intensify, participants in the Shoe Stores industry can effectively compete by offering exclusive shoe styles.
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 (included in IBISWorld industry report 45111, Sporting Goods Stores) are excluded from this industry, as are any sales made via catalogs or the internet.
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.