Shoe Stores
Companies in this industry primarily sell casual, dress, and athletic shoes, including orthopedic shoes, from physical retail locations. Major companies include Caleres, DSW, Foot Locker, and Genesco (all based in the US), along with Deichmann Group (Germany). Some shoe manufacturers such as Nike, also have retail operations.
Driven by fresh trends and designs through connected technology and changing lifestyle, the global footwear market is expected to expand in the next decade hitting a compound annual growth rate of 8% to surpass $1.7 trillion by 2030, according to Transparency Market Research.
The US shoe store industry includes about 25,000 stores with combined annual revenue of about $36 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. The success of Amazon-owned Zappos.com and ongoing consumer migration to online and mobile shopping has increased price competition for shoe sales and forced retailers to lower shipping costs, speed delivery times, and optimize their mobile platforms.
About 95% of the shoes sold in the US are imported. China by far is the largest exporter of shoes to the US, accounting for 60% of every pair of shoes sold in America, according to the United States International Trade Commission. China is followed by Vietnam and Italy. Other countries include Indonesia, Cambodia, and Mexico, among other countries.
Products, Operations & Technology
Major products sold by shoe stores include footwear and footwear accessories, accounting for more than 50% of the industry revenue. This is followed by
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Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms