Athletic Shoe Stores in the US - Industry Market Research Report

Athletic Shoe Stores in the US - Industry Market Research Report

Athletic Shoe Stores in the US

Athletic shoe stores grew over the past five years due to economic growth and increased time spent on leisure and sports. Awareness surrounding the obesity epidemic in the United States has increased health consciousness among consumers. As a result, exercise has increased in popularity causing consumer demand for athletic shoes to also increase. Increased athletic activity creates more wear and tear on athletic shoes, causing more frequent purchases to replace worn-out footwear. As a result, industry revenue is expected to have increased at a CAGR of 0.1% to reach $20.4 billion in 2023, including an increase of 1.1% in 2023 alone. Despite overall growth, industry revenue decreased significantly in 2020 because of the negative economic climate brought on by the coronavirus.

This industry includes retailers that primarily sell athletic shoes, such as running shoes, basketball shoes and sneakers; these stores may also sell apparel. Stores that primarily sell specialty sports footwear, such as golf shoes, bowling shoes and spiked shoes, are included as part of the Sporting Goods Stores industry (IBISWorld report 45111). Used goods and online sales 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."