Online Shoe Shopping - A Good Way To Buy The Best Pair
Still dreaming about which pair of shoes to buy? Get online and browse the top brands to bag a pair today! Online shopping of shoes is catching up fast as you hardly require any time to buy your favorite pair. The Indian fashion industry achieved a huge growth in 2011 with the footwear industry contributing a large chunk. With a 12% annual growth rate, the Indian fashion industry is expanding quickly. The fashion market is growing at a steady pace every year and the footwear industry holds 15% of share. Year 2011 was a great success for online shoe shopping and it is expected to shape-up nicely in coming five years. Well organized retail shoe market gave the industry its identity and stability. E-commerce helped in the expansion of the online retail space. With simplified online shopping options, the footwear industry has received a much better platform to push sales.
The drift towards online shopping of shoes
With constant changes in fashion, the online shoe market supports the buyers buying needs. The concept of buying shoes online is no more new or unknown. Popular shoe brands like Metro Shoes, Adidas, Nike, Reebok, Woodland and Lakhani sell their footwear online. The Internet is a modern platform for easy shopping and millions of buyers get online on a daily basis to fulfill their shopping requirements. Gone are the days when shoe buyers had to wait long for delivery. With easy accessibility and secured online portals, buyers can easily order their favorite pair of shoes and expect fast home delivery.
Expansion of Indian footwear industry
The global footwear market is booming at a fast rate and it is expected to do business of around Rs.12.34 lakh crore till 2015. With a 15% annual growth rate, the Indian footwear industry is expected to reach Rs.387 billion till 2015. Talking about the current Indian footwear market, nearly 300 crore units are produced annually with exports of 10% and 15% annual global production i.e. above Rs.2000 crore. India is ranked as the 2nd biggest global footwear producer. The Indian footwear industry is clearly dominated by mens section with a 55% market share. Womens and kids shoes constitute 30%of the market.
Online shopping of shoes is rising fast and currently it contributes about 8% of sales of the overall Indian footwear market. Online shoe shopping is expected to contribute 20% of overall sales in 2015. With all kinds of footwear like formals, casuals, sports and semi-formals available, the online stores are a shoppers paradise. With all popular shoe brands like Bata, Lee Cooper, Metro, Relaxo, Red Tape, and Converse, making their way to India, the footwear industry is moving ahead. With online shoe shopping being simplified, people find it comfortable to quickly browse through a collection and buy the shoes that they like.
by: Mike ShoeMan