Project Report For Shoe Store
The project report for Shoe Store is as follows.
The footwear industry is among the fastest-growing sectors in the world. Increased demand for unique and modern shoes and the influence of different national and global brand names from across sections in the segment are mainly driving demand.
Creative and fashionable shoes are continuously fabricated by major market players due to advances in the shoes manufacturing process, technical advances and the development of new technologies. In 2017, the global footwear industry was around USD 246.07 billion. Rising at 4.5% CAGR throughout the period 2017-2023, the market is estimated to reach USD 320.44 billion by the end of the predicted period.
The retail shop / online point of sale is situated on a busy road and has a notable destination for clear visibility. The company focuses on the sale of high-quality shoes & apparel. It has an internet presence on the largest online platforms and also retail stores in the city’s top commercial space.
Market potential & Strategy
India is 2nd largest shoe manufacturer in the world after China. India’s shoe manufacturing accounts for roughly 9 per cent of the global annual output of 22 billion pairs in comparison to China, which also generates more than 60 per cent. Key economic centres in the nation involve Kanpur and Agra in Uttar Pradesh, Ranipet, Vaniyambadi and Ambur in Tamil Nadu. The industry is fractured and nearly 75% of the manufacturing emerges from an unorganized sector, including really small, small and medium-sized businesses.
Over the last decade, India has witnessed a growing phenomenon in customer focus towards health and well-being. Rapid urbanization is accountable for a busy life that has resulted in an increase in the occurrence of lifestyle diseases. Voluntary and authorized by their doctors, customers are becoming more aware of their health and also have immersed numerous physical exercise throughout their lifestyle. The occurrence of indulgence in sports events too has doubled. This has resulted in an increase in sportswear expenditure by the adult population in the metro and greater cities across India.
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