Solid footing: Firms continue developing online platforms to step up competitiveness

Operators in the Footwear Retailing industry have experienced mixed operating conditions over the past five years. The industry is highly dependent on economic conditions and consumer confidence, which have both been subdued over the period. Volatile consumer sentiment, limited discretionary spending, fierce competition and a difficult retail environment have affected industry revenue growth over the period. However, the industry has received solid support from online sales, which have increased significantly over the past five years as many traditional footwear retailers developed online platforms. Overall, industry revenue is expected to increase at an annualised 3.2% over the five years through 2018-19, to $3.5 billion. This result includes an expected increase of more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Industry operators face strong and increasing competition from online retailers
  • Clothing retailers have increased their range of footwear, which has heightened competition
  • Higher household disposable incomes will encourage consumers to spend on footwear
  • Industry Report - Industry Investment Chapter

    The Footwear Retailing industry has low capital intensity. In 2018-19, for every dollar spent on capital costs, $8.48 is spent on wages. The industry is labour-intensive as employees are required to process transactions, stock shelves, provide customer service and track inventory. Retailers in the industry need to provide high customer service to assist customers with trying on shoes and finding the right size. Low-margin retailers do not invest considerable resources in providing specialised footwear training for staff. However, other retailers are increasingly willing to spend on employee training to differentiate their brands through customer service and overall store experience...purchase to read more.

    Additional Insights for the Footwear Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Footwear Retailing are:

  • Ability to control stock on hand
  • Superior financial management and debt management
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Consumer sentiment index in the Footwear Retailing industry impact industry performance..

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    What's in this report

    What is the Footwear Retailing Industry?

    Industry firms primarily retail footwear. Retailers typically purchase a variety of footwear from wholesalers and manufacturers to onsell to consumers. Generally, retailers will not perform value-added activities or make any alterations to products. Most retailers in the industry sell their products from one or more shopfronts and may also operate an online store. The industry excludes department stores and online-only retailers.

    Industry Products
  • Women's footwear
  • Men's footwear
  • Children's and infants' footwear
  • Other footwear
  • Industry Activities
  • Sports footwear retailing
  • Dress footwear retailing
  • Casual footwear retailing
  • Purpose-built footwear retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Consumer sentiment index
  • Demand from department stores
  • Demand from online shopping
  • Trade-weighted index

  • Current Performance
  • Difficult trading conditions
  • Growing competition
  • Online stores
  • Profit and industry costs
  • International players
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed trading conditions
  • Growing competition
  • Online stores
  • Table: Footwear Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Footwear Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Footwear Manufacturing
  • Footwear Wholesaling
  • Retail Property Operators
  • Telecommunications Services

  • Products & Services
  • Women's footwear
  • Men's footwear
  • Children's and infants' footwear
  • Other footwear
  • Chart: Footwear Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 55 and over
  • People aged 15 to 34
  • Chart: Major Market Segmentation for the Footwear Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Footwear Retailing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Footwear Retailing Industry

  • Industry Globalization
    Accent Group Limited, Munro Footwear Group Pty Ltd, Super Retail Group Limited,
  • Table: Accent Group Limited - financial performance
  • Table: Munro Footwear Group Pty Ltd - financial performance
  • Table: Super Retail Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Footwear Retailing 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 Footwear Retailing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Point Of Sale (Pos)
  • Technology that combines a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • Bricks-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer that operates through a website.
  • Radio Frequency Identification (Rfid)
  • Tags that can track products throughout the supply chain, by releasing continuous signals from a chip that is inserted in the product at the manufacturing stage.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Footwear Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Footwear Retailing:
    • 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 Footwear Retailing 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 Footwear Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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