Shoe Store Franchises

You can set up a footwear franchise in either small towns or large cities. Some of the high traffic areas that you should take advantage of include the strip shopping centers and malls. Another convenient place to sell shoes is at a street-front location. Here you can target vacationers, tourists, and pedestrians. Globally, the footwear market is an industry worth multi-billion U.S dollars. By the year 2017, the United States had dominated the global footwear market. Being the largest shoe market globally, the U.S accounted for $79.86 billion in revenue in 2017. While shoes are a necessity for everyone, most of the customers shop for style post-recession and fun. This shopping behavior has accelerated the revenue figure up to $72.4 billion in 2018 so far and the holidays are just about to kick in. There is a prediction that year over year the shoe industry will grow at a rate of 2.3 percent from the year 2014 through 2019 in the U.S. If this happens, the industry will reach $35.9 billion even before the decade is over. The greatest growth so far for the last two years, has been witnessed in the basketball shoe niche, with 21 percent. The second niche is the men’s footwear market with 8 percent. The men’s shoe market growth is double that of the female footwear market within the same duration of time. In the current market situation, the athletic footwear sector growth is predicted to outdo all the other sectors in the near future. For some people, shoe buying is a fetish or an obsession. This is the major reason why huge shoe companies like Barefeet Shoes are dominating shopping districts and suburbs all over America. However, entrepreneurs aspiring to start their small shoe ventures should not be intimidated by the giants. All they need to do in order to thrive is to remain updated about the latest fashion trends and styles. Developing a shoe business is not always as simple as selling amazing shoe pairs. You need a deeper understanding of fashion industry dynamics and how to operate. Moreover, you need to have a strategic marketing plan to ensure brand awareness and survival. The footwear market is a fraction of the clothing and apparel industry. It deals with luxury footwear, shoes, sporting shoes, sneakers, and athletic wear among other things. Products in the footwear market feature materials like textiles, synthetics, and leather. Prior to opening a shoe store, you should know which niche you are interested in. You can choose to deal with one particular niche like sports shoes or you can sell various shoe types. Additionally, you should also consider engaging in the shoe and boots repair niche as this is one of the most profitable niches in the industry. For example, cow boots have a very high replacement value that owners would prefer to repair them instead. Additionally, owners have a personal connection with their shoes and they would rather repair them than throw them away. There are also brands of premium manufacturers which are common repair targets including Allen Edmonds, Birkenstock, and Rockport. Here are some important points of information to research before you decide on which Shoe Store franchise is best for your situation. 1. Check out all the other franchise locations and other types of Shoe Shop franchise market competition in your area. 2. Research each Shoe Shop franchise and list the services they offer and specialize in to determine the best fit for you. 3. Review each Shoe Store franchise and make a chart that includes franchise fees, startup cost, cash investment, etc. 4. Call and talk with current franchise owners and get their opinion on the pros and cons of the different franchise options. At Franchise Clique, we are proud to present a variety of Shoe Store franchise opportunities in our listings. Find your next investment today!