Footwear Retailers in the UK - Industry Market Research Report

Step up: Resilient demand for footwear and related products are underpinning revenue in 2023-24

The Footwear Retailing industry has undergone significant change in recent years, as challenging operating conditions and intense competition from external vendors have stimulated the development of innovative service offerings like made-to-order products and convenient deliveries. Compared to clothing and online-only retailers, footwear retailers have been slow in developing technologically advanced platforms. This has led to them losing ground to their competitors. Industry revenue is expected to drop at a compound annual rate of 2.9% over the five years through 2023-24 to £5.2 billion. However, as consumers tend to keep pace with swift fashion trends, footwear demand is projected to boost revenue growth by 3.3% in 2023-24. Industry participants concentrate on selling footwear through both bricks-and-mortar stores and online portals. Retailers that solely operate online are excluded from the industry. The sale of specialised sports footwear, such as ski boots, is also not included in the 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.