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Focus Trends ~ Shoes

Retail Strategies Focus Trends :: Shoes (October 2017)
Retail Strategies Focus Trends :: Shoes (October 2017)
FOCUS TRENDS is a monthly retail strategies article on a specific retail category highlighting growth and contraction within the market. For more information, please see our WEBINARS.

Focus Trends ~ Shoes

Expansion & Closures

Declines and reinventions have been the story for the shoe store sector in 2017. The bankruptcy and ensuing closures for Payless ShoeSource in April began the year off on the wrong foot. Payless, which has more than 4,000 locations planned to close 400 by year end.

Even in the athletic shoe side of the sector, stores have had trouble. Foot Locker, Hibbett Sports, and Dick’s Sporting Goods are among those that are dealing with slackening sales.

However, a few stores are still opening at a consistent pace and one is reworking its in-store experience. Shoe Sensation, Shoe Carnival, and Shoe Show consider centers with strong anchors and fashion co-tenants. DSW has taken a hard look at its place in the market, and is now redesigning its store to return to the warehouse aesthetic that it originally debuted.

Retail Strategies Focus Trends: Shoes (October 2017) PDF
Retail Strategies Focus Trends: Shoes (October 2017) ~ PDF

THE NUMBERS

Expansion & Closures

Retailer NameExisting Stores 2016New StoresClosures 2016
Off Broadway Shoe Warehouse8194
Shoe Sensation131343
Shoe Carnival3922525
Rack Room Shoes424168
Skechers437571
DSW468497
Foot Locker938642
Famous Footwear10306462
Shoe Show11464337
Payless Shoe Source30891667
Boot Barn210320

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