Right foot forward: A recovering economy is expected to spur industry growth
The Canadian Footwear Wholesaling industry has faced volatility amidst supply chain shortages and economic turbulence throughout the COVID-19 pandemic. Despite overall economic growth, rising disposable income and expanding nonessential spending, footwear wholesalers contended with setbacks prompted by COVID-19 as retail stores operated at reduced capacity throughout 2020. All the same, a surge in spending and rising product prices resulted in a dramatic spike in sales throughout 2021. But as conditions have normalized, footwear wholesalers have continued to face stiff competition from retailers and consumers purchasing footwear directly from manufacturers through e-commerce platforms. Overall, industry revenue is forecast to contract at a CAGR of 1.6% to $2.5 billion over the five years to 2023, including a decline of 9.1% during the current year.
The Footwear Wholesaling industry in Canada wholesales footwear, including athletic shoes, made of leather, rubber and other materials. Operators in this industry purchase shoes from manufacturers and resell them to retailers with minimal or no further development or processing. Most wholesalers in this industry undertake sales and administrative activities, such as establishing relationships with manufacturers and retailers.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adidas AG
- Nike Inc.
Methodology
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