The global footwear market is a $200+ billion-dollar industry that has grown at a rapid pace in the past few years and continues to flourish. Rising demand across all age groups is a key factor in driving the industry, and with celebrities like Kanye West, Jessica Simpson, Rihanna and Sarah Jessica Parker dipping their toes in shoe design, it’s no wonder that its popularity continues to increase.
Whether consumers are searching for athleisure, casual, fashion, or work-inspired footwear, brick-and-mortar stores remain their preferred shopping destination. Shoppers enjoy the experience of trying on shoes, assessing the fit, size and quality on the spot and ultimately taking home their purchases without a wait.
With over 120 footwear brands in the Brookfield Properties portfolio, our knowledge of the shoe industry is robust and our portfolio continues to grow. We understand the footwear industry's competitive nature and the need for brands to stand out in a crowd.
So how can footwear brands compete in a saturated market?
Understanding that brick-and-mortar is the preferred shopping avenue, the key to success is not only building relationships with consumers, but also creating a physical experience for them that will be meaningful and memorable. When it comes to shoe shopping, it’s not just the laces – it’s the places.
At Brookfield Properties, we use innovative solutions to help our tenants meet shoppers in new and memorable ways. Our pop-up fixtures have been successful in bringing brands to life and are an increasingly popular connection point for our brands and their customers. Not only do they create unique customer experiences and build brand awareness, but they ultimately build brand loyalty as well.
When it comes to footwear, creating a physical space for your customers is key to your growth. Now's the time to create an in-store experience that will give your audience the opportunity to touch, feel, and fall in love with your products.