Sole salvation: Stabilizing input prices will benefit industry revenue

Fortunately for Shoe Stores industry operators, downstream demand has surged in recent years because of overall economic growth and improving consumer conditions. For instance, growing consumer confidence has empowered individuals to increase spending on nonessential goods, while steady growth in per capita disposable income has enabled a greater number of consumers to purchase high-end designer shoes. However, industry growth has been somewhat constrained by mounting competition from department stores, online retail outlets and other external operators that sell shoes. Moving forward, the industry is expected to continue growing as downstream demand conditions continue to improve...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
5.3%
Forecast Growth 18-23
Profit
Employment
32,009
Businesses
1,329
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 - Industry Locations Chapter

    As with most industries in the retail sector, the geographic distribution of establishments in the Shoe Stores industry in Canada largely mirrors the distribution of the overall Canadian population since these businesses rely heavily on foot traffic to generate revenue. Consequently, the largest concentration of industry establishments is in Ontario, which is estimated to contain 38.6% of the Canadian population and 40.7% of all industry establishments in 2018. In addition to being Canada's most populous province, Ontario is also one of the nation's primary tourist destinations, which bolsters revenue for industry operators through discretionary tourist spending.Quebec accounts for an additional 22.6% of Canada's population, making it the nation's second-most populous province. Que...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 competitionExternal 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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick-And-Mortar
  • 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 Theatre
  • 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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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