Better footing: Retailers will continue developing online platforms to improve competitiveness

The Footwear Retailing industry’s performance has been subdued over the past five years. The industry is highly dependent on economic conditions and consumer confidence, which have both been largely unfavourable over the period. Volatile consumer sentiment, reduced discretionary spending, fierce competition and a difficult retail environment have affected industry revenue growth over the past five years. However, the industry has received some support from online sales, particularly in 2014-15 and 2015-16, as many traditional footwear retailers developed online platforms. Consequently, revenue is expected to rise by an annualised 1.8% over the five years through 2017-18, to $3.3 billion...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
20,926
Businesses
1,299

Industry Threats & Opportunities

  • The industry is struggling with intensifying competition from online retailers
  • Clothing retailers have increased their range of footwear, which has heightened competition
  • Higher household disposable incomes will likely encourage consumers to spend on footwear
  • Industry Report - Starting a New Business Chapter

    Although competition in the footwear retail industry is high, the concentration of businesses is low and therefore the industry faces moderate barriers to entry. Several indirect factors promote and discourage entry to the footwear retailing market. For example, there are opportunities in the industry for retailers operating in niche markets such as low-cost women's footwear, or high-end imported men's shoes. Compared with clothing retailers, footwear retailers have a slightly lower level of threat from online retailers, as customers often prefer to try on footwear products before they purchase. How...purchase to read more.

    Additional Insights for the Footwear Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Footwear Retailing Industry 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 Consumer sentiment index and Real household disposable income 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-add 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
  • Consumer sentiment index
  • Real household disposable income
  • 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
  • Difficult 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 15 to 34
  • People aged 55 and over
  • 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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Footwear Retailing Industry

  • Industry Globalization
    Accent Group Limited, Super Retail Group Limited, Betts Group Pty Ltd, Fusion Retail Brands Pty Ltd,
  • Table: Accent Group Limited - financial performance
  • Table: Super Retail Group Limited - financial performance
  • Table: Betts Group Pty Ltd - financial performance
  • Table: Fusion Retail Brands Pty Ltd - 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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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