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 2019, with the Consumer Confidence Index and per capita disposable income increasing and fueling a surge of discretionary purchases. However, this surge has not necessarily benefited industry participants due to changing consumer shopping habits; more shoe purchases have occurred at department stores and online shops. This shift has led to sluggish industry revenue growth over the five years to 2019. Despite continued economic growth and strong consumer spending, the Shoe Stores industry is expected to struggle over the five years to 2024.
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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