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Shoe Stores in the US - Industry Market Research Report

  • June 2017
  • 36 pages
  • Ibisworld
Report ID: 198927

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Next step: Operators will look to combat external competition by increasing product selection

Abstract
Shoe Stores in the US

The Shoe Stores industry, like most retail industries, relies on strong consumer spending to spur demand for industry products. Over the five years to 2017, the economy has strengthened from recessionary declines with both the Consumer Confidence Index and disposable income increasing. The resilience of the consumer following the recession has been the main factor driving industry growth, leading revenue to increase over the period. Despite its recent healthy performance, the industry experiences competitive threats from alternative retailers that stock shoes. Department stores, mass merchandisers and online-based retailers give consumers the option to buy their shoes in more convenient ways than traditional shoe stores. Due to this external threat, continued economic growth and strong consumer spending will not be enough to sustain growth over the outlook period, as the industry will fall into slight revenue decline.

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.

MAJOR COMPANIES
- Foot Locker Inc.
- Designer Shoe Warehouse Inc.
- Payless ShoeSource
- Caleres Inc.

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