Industry Analysis & Industry Trends
The footwear retailing industry in the UK is under pressure. Footwear retailers have experienced difficulties in recent years as they have dealt with a combination of increased competition and the impact of the global financial crisis. The industry has experienced a fall in establishment numbers, employment, wages and profitability over the five years through 2011-12. Industry revenue has decreased over the corresponding period at an annualised rate of 1.2% per annum to £3.67 billion. In 2011-12, revenue is anticipated to decline 1.1%. Supermarkets and clothing stores have increased their penetration into the footwear retailing market, resulting in greater competitive pressures for the industry... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates market share concentration in the footwear retailing industry in the UK to be at low levels. The largest player in the industry, Clarks, accounts for only 8.2% of the market and the top four players combined account for just over 20% of industry. Increased competition from both within the industry and from supermarkets, clothing stores and the internet has resulted in a leakage for the footwear retailing industry. A number of mergers and acquisitions have occurred over the last five year period which has increased the degree of concentration in this fragmented industry. Shoe Zone, Schuh and Dune have all undertaken acquisitions over the past three years as high competition, combined with the impact of the financial crisis has driven a shake out of the industry... purchase to read more