$4.9bn
$XXX.Xm
23,758
1,184
$XXX.Xm
Consumer spending trends influence footwear retailers, which is why the COVID-19 pandemic has disrupted and transformed the industry. Footwear purchases traditionally depended on a tactile experience, but this was largely impossible during lockdowns with physical stores temporarily closed. During these periods, online-only stores catered to the majority of consumer demand by offering convenience, thereby intensifying competition in the industry. The ability to browse endless shoe options and return unsuitable items without incurring additional postage costs has appealed to consumers. Faced with plummeting instore sales, traditional footwear retailers developed online platforms to capitalise on the pandemic-induced online shopping boom, ensuring the industry retained demand. Solid support from online sales and rising disposable incomes have contributed to revenue growing at an annualised 3.5% over the past five years, expected to total $4.9 billion in 2023-24. This includes an anticipated 2.7% dip in the current year, as the cost-of-living crunch prompts savings and budget shopping.
Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated $4.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Accent | 1,317.3 | |
Super Retail | 364.5 | |
Munro Footwear | 347.0 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Women's footwear, Men's footwear and Children's and infants' footwear. Women's footwear is the largest segment of the Footwear Retailing in Australia.
Women's footwear varies in styles, with luxury sneakers gaining popularity
Industry firms primarily retail footwear. Retailers typically purchase a variety of footwear from wholesalers and manufacturers to onsell to consumers. Generally, retailers do not perform value-added activities or make any product alterations. Most retailers in the industry sell their products from one or more shopfronts and may also operate an online store.
Purchase this report to view all 8 major companies in this industry.
ANZSIC 4252 - Footwear Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic has transformed the footwear retail industry. It’s pushed traditional businesses to develop online platforms due to lockdown-induced decrease in physica...
Learn about an industry's products and services, markets and trends in international trade.
Retailers may specialise in women's, men's or children's shoes or sell a mix. Growing demand from fashion-conscious young men has encouraged existing retailers to expand thei...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry's geographic spread is closely correlated with population and income distribution. The eastern seaboard states house the most footwear retailers, with many high-...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Footwear retailers face intense competition not only among themselves but also from online-only retailers and department stores. These competitors offer a wider variety and m...
Learn about the performance of the top companies in the industry.
Accent Group Limited has a powerful grip on the Footwear Retailing industry, accounting for over one-quarter of market share. This command is thanks to several large-scale ac...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Changes have influenced industry revenue volatility in economic conditions and consumer trends. Both pandemic-related financial strains and the rise in online shopping have a...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the most significant expense for footwear retailers, but vary depending on the size of operations. Larger retailers use their buying power to receive discounts ...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Footwear Retailing industry in Australia is $4.9bn in 2024.
There are 1,184 businesses in the Footwear Retailing industry in Australia, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Footwear Retailing industry in Australia has been growing at a CAGR of 3.5 % between 2019 and 2024.
Over the next five years, the Footwear Retailing industry in Australia is expected to grow.
The biggest companies operating in the Footwear Retailing market in Australia are Accent, Super Retail and Munro Footwear
Women's footwear and Men's footwear are part of the Footwear Retailing industry.
The company holding the most market share in Australia is Accent.
The level of competition is high and increasing in the Footwear Retailing industry in Australia.