Shoe Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/10/2017
SIC Codes: 5661
NAICS Codes: 448210
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Shoe Stores Industry Profile

Companies in this industry primarily sell casual, dress, and athletic shoes, including orthopedic shoes, from physical retail locations. Major US companies include Caleres (formerly Brown Shoe Company and owner of Famous Footwear and Naturalizer), DSW, Foot Locker, Genesco, and Payless ShoeSource. Some shoe manufacturers, such as Nike, also have retail operations. Major non-US companies include Aldo Group (Canada), Belle International (China), The Deichmann Group (Germany), and Vivarte (France).

Global sales of footwear are expected to increase to $258 billion by 2023 (from $209 billion in 2014), driven by growth in the global economy and consumer demand for leading brands. Casual footwear is expected to see the strongest demand, according to Transparency Market Research.

The US shoe store industry includes about 25,000 stores with combined annual revenue of about $35 billion.

COMPETITIVE LANDSCAPE

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 80% of industry revenue.

Shoe stores compete with department stores, mass merchandisers, apparel retailers, internet retailers, and some shoe manufacturers.

About 98% of the shoes sold in the US are imported. China by far is the largest exporter of shoes to the ...

 
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