Shoe Stores in the US
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; this trend is continued into the following year. As a result, industry revenue is expected to increase only minimally during the current period. 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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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