On a shoestring: Revenue will rebound moderately, but competition threatens growth

The Shoe Stores industry has gone through a period of substantial growth over the past five years. Despite recent shocks to the Canadian economy, overall economic growth has prompted domestic consumers to increase discretionary spending on wide variety of nonessential commercial goods. In turn, increased consumer spending has generated significant revenue for industry retailers offering athletic, casual and dress shoes at a range of prices. Over the next five years, the industry is expected to continue growing, though at a relatively modest pace. Moreover, industry profit margins will benefit from stabilizing costs in several raw materials used in the manufacturing of shoes, enabling many operators to charge lower prices and attract new customers...read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • The industry is expected to continue growing as downstream demand conditions continue to improve
  • Online retailers have continued to pose a significant threat to the industry
  • Improving downstream demand and stabilizing costs will aid the industry
  • Industry Report - Starting a New Business Chapter

    The Shoe Stores industry is characterized by moderate barriers to entry, and new entrants can experience significant start-up costs in the form of the construction, purchase or leasing of a retail space. A retail location also requires fixtures and fittings, which serve as additional capital investments that could deter potential entrants. Moreover, aspiring operators must procure a sufficient quantity and variety of inventory to satisfy consumer demand. Potential operators may also have difficulty securing contracts and licences to sell popular brands due to existing deals with established retailers. The...purchase to read more.

    Additional Insights for the Shoe Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Shoe Stores Industry are

  • Ability to control stock on hand
  • Accessibility to consumers/users
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of fixed broadband connections in the Shoe Stores industry impact industry performance..

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    What's in this report

    What is the Shoe Stores Industry?

    Industry operators primarily sell footwear, which involves purchasing shoes from wholesalers or manufacturers and selling them from a physical retail location. Catalogue sales and online sales are not included in this industry. Sales of sports shoes such as cleats are also excluded from this industry.

    Industry Products
  • Men's casual and dress shoes
  • Women's casual and dress shoes
  • Children's athletic shoes
  • Men's athletic shoes
  • Women's athletic shoes
  • Children's casual and dress shoes
  • Industry Activities
  • Retailing children's footwear
  • Retailing men's footwear
  • Retailing women's footwear
  • Retailing athletic footwear (except sports shoes such as cleats and golf shoes)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of fixed broadband connections
  • Total retail sales
  • Consumer Confidence Index

  • Current Performance
  • Downstream demand
  • Shifting purchase costs
  • External competition
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving downstream demand
  • Competitive outlook
  • Table: Shoe Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shoe Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Footwear Wholesaling in Canada
  • Shoe & Footwear Manufacturing in Canada

  • Products & Services
  • Women's casual and dress shoes
  • Men's athletic shoes
  • Other
  • Men's casual and dress shoes
  • Women's athletic shoes
  • Children's athletic shoes
  • Children's casual and dress shoes
  • Chart: Shoe Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth-lowest income quintile
  • Third-lowest income quintile
  • Second-lowest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Shoe Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Shoe Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe Stores Industry

  • Industry Globalization
    Foot Locker, Aldo Group Inc.,
  • Table: Foot Locker - financial performance
  • Table: Aldo Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Shoe Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Shoe Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Retail Theater
  • An in-store display that uses various sensory elements to provide customers with advertising and product information while they shop.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Shoe Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Shoe Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Shoe Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Shoe Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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