DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/x39ftj/footwear_market_re) has announced the addition of the "Footwear Market Report Plus 2012" report to their offering.
The recession had a significant impact on all sectors of the footwear market with the exception of value items, sales of which increased during and after the recession as consumers opted for cheaper alternatives. Despite this, some companies could not maintain their position in the market during the economic downturn; for example the footwear retailer Faith went into administration in April 2010, while Stylo PLC had to close a number of its PriceLess and Barratts stores after suffering losses.
The leading competitors in the current marketplace include C&J Clark Ltd and the Pentland Group, both of which have managed to maintain their positions in the market in spite of the recession. The latter, which distributes a number of popular sports footwear brands, has continued to move into more fashion/sports-focused areas of the market, while Clarks has remained the leading footwear retailer in the UK, after extending their consumer reach through a number of successful advertising campaigns.
The future of the footwear market remains positive, with sales expected to increase sustainably in 2012, due to the up-and-coming 2012 London Olympics. The event is likely to boost sales of sports footwear in particular, while adidas, which is the official sportswear sponsor of the event is expected to expand its product range and advertising significantly during the summer, thus driving growth for the entire footwear industry. Between 2012 and 2016, sales are expected to increase year-on-year and by 16.2% (in terms of current prices) overall. This growth will primarily be driven by the economic recovery, which is likely to boost consumer confidence and spending.
Companies Mentioned
- Adidas (Uk) Ltd
- Brantano (Uk) Ltd
- Candj Clark Ltd
- Dune Holdings Ltd
- Esska
- Faith
- Foot Locker
- Hi-Tec Sports Plc
- Josef Seibel
- Kurt Geiger Ltd
- Nike (Uk) Ltd
- Office Holdings Ltd
- Pentland Group PLC
- Peter Black Footwear And Accessories Ltd
- R Griggs Group Ltd
- Reebok
- River Island
- Russell And Bromley Ltd
- Schuh Ltd
- Shoe Zone Group Ltd
- Skechers
- Stylo PLC
- Timberland (Uk) Ltd
For more information visit http://www.researchandmarkets.com/research/x39ftj/footwear_market_re