Shoe Stores in Canada - Industry Research Report

Broken in: Rising disposable income and consumer spending will support industry profit growth

Stable consumer demand drives Canadian shoe stores. Macroeconomic shocks, namely the COVID-19 pandemic and mounting competition from department stores and shoe manufacturers, have caused retailers to struggle through the current period. Revenue has dropped at an expected CAGR of 0.3% to $6.7 billion through 2023, despite a 2.0% rebound in 2023. Many companies have shifted to online shopping, enabling them to cut operation expenses and salvage profit during the pandemic.

Shoe stores 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.