Shoe Stores in Canada - Industry Market Research Report

Shoe Stores in Canada - Industry Market Research Report

  • October 2017 •
  • 33 pages •
  • Report ID: 4564280
On a shoestring: Revenue will rebound moderately, but competition threatens growth

Abstract

Shoe Stores in Canada

The Shoe Stores industry has gone through a period of substantial growth over the past five years. Despite recent shocks to the Canadian economy, overall economic growth has prompted domestic consumers to increase discretionary spending on wide variety of nonessential commercial goods. In turn, increased consumer spending has generated significant revenue for industry retailers offering athletic, casual and dress shoes at a range of prices. Over the next five years, the industry is expected to continue growing, though at a relatively modest pace. Moreover, industry profit margins will benefit from stabilizing costs in several raw materials used in the manufacturing of shoes, enabling many operators to charge lower prices and attract new customers. Nevertheless, industry operators will continue to be displaced by online retailers, department stores and other external competitors that siphon revenue from brick-and-mortar shoe stores.


Industry operators primarily sell footwear, which involves purchasing shoes from wholesalers or manufacturers and selling them from a physical retail location. Catalogue sales and online sales are not included in this industry. Sales of sports shoes such as cleats are also excluded from this industry.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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