Tight fit: Competition from online retailers constrains industry revenue growth

The Footwear Retailing industry has achieved some revenue growth amid increasingly competitive retail conditions over the past five years. Industry operators have contended with strong price-based competition from department stores and online retailers over the period. However, positive consumer sentiment and disposable income growth have supported the industry’s performance. Industry revenue is expected to grow at an annualised 0.5% over the five years through 2018-19, to total $527.8 million. This includes an anticipated growth of 1.9% in the current year.The rise of online shopping has significantly increased the number of online footwear retailers to the New Zealand market...read more.

Industry Statistics & Market Size
Revenue
$528m
Annual Growth 14-19
0.5%
Forecast Growth 19-24
Profit
Employment
3,400
Businesses
300

Industry Threats & Opportunities

  • Traditional footwear retailers have lost market share to online competitors
  • Rising popularity of online shopping has increased price-competitiveness across the industry
  • The line between traditional and online retail will become increasingly blurred
  • Industry Report - Industry Investment Chapter

    The Footwear Retailing industry exhibits low capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $11.17 is spent on wages. The industry is relatively labour-intensive as employees are required to provide customer service, stock shelves and display merchandise, process customer transactions and monitor inventory. Staff are also required for administrative and back office functions. Footwear stores require greater customer service than general clothing retailers, as employees often need to assist customers with trying on shoes and finding the right size. Specialised, high-margin footwear retailers will typically invest greater resources into training staff, to improve customer satisfaction and overall store experience. Gre...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

  • Attractive product presentation
  • Proximity to key markets
  • Ability to control stock on hand
  • 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 in New Zealand Industry?

    Industry firms are primarily engaged in retailing boots, shoes or other footwear. 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
  • Boot retailing
  • Footwear retailing
  • Shoe retailing
  • 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

  • Current Performance
  • Competition
  • Profit
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit
  • Industry structure
  • Competition
  • Growth opportunities
  • 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 in New Zealand

  • Key Selling Industries
  • Clothing and Footwear Wholesaling in New Zealand
  • Commercial Property Operators in New Zealand
  • Electricity Retailing in New Zealand
  • Wired Telecommunications Network Operation in New Zealand

  • 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
  • Internal competition
  • External competition

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

  • Industry Globalization
    Ngahuia Group Limited, Accent Group Limited, Overland Footwear Company Limited,
  • Table: Ngahuia Group Limited - financial performance
  • Table: Accent Group Limited - financial performance
  • Table: Overland Footwear Company 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
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bricks-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer that operates through a website.
  • Point Of Sale (Pos)
  • Technology that combines a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • 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 in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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

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