Qifneg shoes machine-let’s share a news from San Francisco, CA (PRWEB) September 23, 2012
The development of the Shoe Store industry in China has been driven by substantial and steadily growing domestic demand for footwear from China's large population. In addition, rising income levels and the promotion of a wider range and higher quality footwear products have boosted domestic sales for the industry. Industry revenue has been increasing 11.0% annually over the past five years, to an estimated $26.0 billion in 2012.
There are over 63,000 shoe store outlets in China and the industry market share concentration level is low. However, there have been a number of mergers and acquisitions in recent years, slightly increasing industry concentration. Industry concentration is expected to increase further, as large shoe stores, such as Belle International, Saturday Shoes, and Yunbai Footwear, expand their outlet numbers.
The appreciation of China's yuan can undermine the price advantage of domestically produced clothing and footwear products, which may result in weaker export levels for shoe manufacturers in future years. IBISWorld anticipates that manufacturers moving into the Shoe Stores industry will be a growing trend. As a result, industry competition is expected to intensify and overall product quality will improve. Footwear trade centers are expected to remain the dominant business model; however, footwear chain stores and footwear supermarkets will grow in popularity.
For more information, visit IBISWorld’s Shoe Stores in China industry report page. Also visit Qifeng Shoes Machine
, the professional shoe machinery manufacturer in China.