Industry Analysis & Industry Trends
The Footwear Retailers industry has faced challenging conditions in recent years. Over the past decade, the industry has grappled with competition from external vendors, such as clothing retailers and department stores. Competition further intensified as major supermarkets like Tesco and Asda expanded their footwear ranges, pricing them to rival specialist retailers. Footwear retailers suffered as consumers took advantage of knock-down prices and the convenience afforded by supermarkets. However, retailers were still able to benefit from strong consumer confidence and rising incomes. The rising adoption of online portals and innovative methods of selling, like click-and-collect services, have allowed retailers to continue growing... purchase to read more
Industry Report - Industry Products Chapter
Women's footwear is expected to fall as a percentage of revenue in the five years through 2016-17. In the current year, 44.8% of revenue is expected to be generated by sales of women's shoes in specialist stores. Women tend to buy more pairs of shoes than men per year, although in recent years women have shifted towards non-specialist retailers to pick up fast fashion shoes to match different outfits. This has pushed down the average expenditure by women per pair of shoes. The challenging consumer environment has allowed clothes shops to steal market share in the UK footwear market from specialists by offering cheap alternatives. Types of shoe covered in the segment include casual shoes, flats, heeled shoes, boots and sports shoes.
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