Footwear Stores Market Report 2026

The footwear stores market size has grown strongly in recent years. It will grow from $248.16 billion in 2025 to $266.16 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing demand for fashion footwear, expansion of offline retail networks, rising disposable income, increased brand awareness, popularity of sports footwear.

The footwear stores market size is expected to see strong growth in the next few years. It will grow to $360.75 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growth in online footwear retail, adoption of eco-friendly materials, integration of ai and iot in stores, expansion in emerging markets, rise in athleisure trends. Major trends in the forecast period include AI-powered personalized shopping, sustainable and eco-friendly footwear, smart inventory management systems, connected retail experiences, digital payment & e-commerce integration.

The growing expenditure on branded luxury goods is projected to drive the growth of the footwear store market in the future. Luxury items are defined as goods or services regarded as elite in society, including haute couture clothing, accessories like jewelry and high-end watches, branded shoes, luggage, and more. Consumers are increasingly inclined to purchase luxury products for the prestige and comfort they offer from renowned online and offline retailers. For example, in July 2024, data from Bank of America, a US-based financial institution, revealed that spending on luxury goods outside of the US is on the rise, with June 2024 exceeding June 2023, which recorded an increase from 8% in June 2022 to 16%. Consequently, the rising expenditure on branded luxury items is expected to propel the footwear store market.

Major companies operating in the footwear stores market are focusing on developing advanced tools, such as augmented reality (AR) virtual try-on solutions, to enhance product visualization, improve customer shopping experiences, and boost consumer confidence in online purchases. Augmented reality (AR) virtual try-on refers to a technology that projects digital 3D footwear models onto a user’s real-world environment in real time, allowing virtual “try-on” experiences that mimic in-store browsing. For example, in October 2023, Timberland, a U.S.-based outdoor footwear and apparel retailer, introduced Vyking-powered virtual try-on technology across its EMEA e-commerce platforms, offering over 250 footwear products with immersive AR/3D try-on functionality. This AR solution enables customers to see how shoes would appear on their feet through augmented displays and mirrors, bridging online and in-store shopping experiences while driving higher engagement and conversion for Timberland and its retail partners.

In February 2025, Galaxy Universal, a US-based global footwear company, acquired Reebok’s global product creation, sourcing, and US footwear operations, including its e-commerce and retail channels, from Authentic Brands Group (ABG) for an undisclosed amount. Through this acquisition, Galaxy Universal aims to strengthen Reebok’s athletic footwear design, innovation, and global market reach by integrating its US operations and expanding the brand’s presence across key international markets. Reebok is a US-based athletic footwear and apparel brand that offers performance and lifestyle products worldwide.

Major companies operating in the footwear stores market are Adidas AG, Nike Inc., PUMA SE, Under Armour Inc., Skechers U.S.A Inc, Geox S.p.A, VF Corporation, Crocs Inc., ECCO Sko A/S, Wolverine Worldwide Inc., FILA Holdings Inc., ASICS Corporation, Bata Corporation, Timberland, Reebok International Limited, New Balance Athletics Inc., Clarks, Foot Locker Inc., DSW Inc., Caleres Inc., Deckers Brands, Famous Footwear, The Aldo Group Inc., Steve Madden Ltd., Camper, Aerosoles, Saucony, Converse Inc., Salvatore Ferragamo S.p.A., Jimmy Choo Ltd., ALDO Group.

Asia-Pacific was the largest region in the footwear stores market in 2025. The regions covered in the footwear stores market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the footwear stores market report are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

The footwear stores market includes revenues earned by entities such as shoe stores, vendor-owned outlets, family shoe stores, and department and discount stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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