INDUSTRY DESCRIPTION Sample Clauses

INDUSTRY DESCRIPTION. Other Children's Athletic Shoes Women's Athletic Shoes Men casual and dress shoes Children's Athletic Shoes Women casual and dress shoes Men's Athletic Shoes Shoe Store Product Segmentation 2017 The shoe store industry was valued at $4.3 billion1 in 2017 in Canada. Of that, 41% or $1.6 billion1 was generated by selling athletic footwear. In 2017, there were 3,7311 shoe stores in Canada and 1,4221enterprises. The shoe industry experienced strong growth in the last 5 years (xx%), driven primarily by a strong economy and improving consumer conditions. Specifically, the athletic footwear industry has benefited from the athleisure trend. An increasing number of people wear athletic apparel and shoes as their day to day clothes for comfort and for style. In addition, Canadians have more free time and are able to allocate more time to physical activities. People are more health conscious and acknowledge the benefits of regular exercise such as reduction in depression, cardio vascular diseases and diabetes. Consumers are also more aware of the decrease in injuries in wearing the right athletic shoes for their chosen sports. These favorable trends are expected to continue for the foreseeable future. According to IBISWorld, the shoe store industry is expected to expand at a rate of xx% between 2018 and 2025. One would expect the increase in the athletic footwear portion of the market to be equal or slightly more given its more favorable industry trends.
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