|Last Quarterly Update:||4/6/2015|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry primarily sell casual, dress, and athletic shoes, including orthopedic shoes, from physical retail locations. Major US companies include Payless ShoeSource, Brown Shoe Company (which owns Famous Footwear and Naturalizer), Genesco, Foot Locker, and DSW. Some shoe manufacturers, such as Nike, also have retail operations. Major non-US companies include ALDO (Canada), The Deichmann Group (Germany), and Vivarte (France).
The global footwear industry is expected to grow between 4 and 5 percent to nearly $200 billion in 2015, driven by growth in the global economy and consumer demand for leading brands.
The US shoe store industry includes about 26,000 stores with combined annual revenue of about $31 billion.
New styles and personal income drive demand. The profitability of individual companies depends on effective merchandising and competitive pricing. Large companies have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by stocking specialty products, providing superior customer service, or serving a local market. The US industry is concentrated: the top 50 companies account for about 70 percent of industry revenue.
Shoe stores compete with department stores, mass merchandisers, apparel retailers, Internet retailers, and some shoe manufacturers.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products sold by shoe stores include women’s casual and dress shoes (nearly 30 percent of industry revenue); men’s athletic shoes (20 percent); men’s casual and dress shoes (13 percent), and women’s athletic shoes (10 percent). Other products include handbags, hosiery, ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options