Key Issues in the Footwear Sub-Sector in the UK

Key issues in the footwear
sub-sector in the UK

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Key issues associated with the footwear sub- sector..................................................................1
TASK 2............................................................................................................................................2
PESTLE analysis.........................................................................................................................2
TASK 3............................................................................................................................................3
Positive and negative impact on the business.............................................................................3
TASK 4............................................................................................................................................4
Challenges faced by while carrying out the study......................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Footwear sub-sector are the manufacturer and distributor of the boots, shoes, sneakers,
sandals and various other type of footwear. This study helps in determining the key issues
associated with the footwear sub-sector. This study also includes PESTLE analysis for the
footwear sub- sector which in turn helps in critically analysing the external business environment
factors affecting the working of the business. This study report also helps in analysing the
positive and negative impact on the business. Furthermore, this study helps in determining the
challenges faced by the footwear sub- sector business.
TASK 1
Key issues associated with the footwear sub- sector.
The footwear industry tend to incorporate various distinct market sectors which mainly
consists of footwear manufacturing, leather production, leather goods manufacturing and shoe
repair. Footwear sub-sector are the manufacturer and distributor of the boots, shoes, sneakers,
sandals and various other type of footwear. UK footwear market intends to grow by 13.7% in the
year 2022 (The UK Footwear Market 2017-2022, 2017). This helps market to be driven by high
retail prices. It has been evaluated that, the women footwear tends to remain the largest.
However, the men footwear sub- sector tends to be growing with the rise in the spending by 15%
in the year 2022.
Rapid change in consumer trend and technology: Footwear sub- sector is changing at an
escalating pace with the advent of new advanced technology. Quality is considered to be one of
the biggest motivator for individuals to purchase the particular set of footwear. Consumer trends
and style is changing frequently (Roukova, Keremidchiev and Ilieva, 2016). The company within
this sub-sector must comply with the consumer trends which in turn helps in attracting large
number of customers from across the globe. It is very critical for the company to gain advanced
technology which in turn adds to large cost to the company (The challenges of footwear retail,
2015). Changing technology results in higher investment cost to the business which is considered
to be a major issue in the footwear sub- sector. Predicting fashion can be difficult which in turn
affects the operations of the business in footwear sub-sector (Shenoy and Rosas, 2018). This in
turn footwear retailers tends to focus on continuously developing new range of products in order
to resolve this issue.
1