- Contents
- *Overview
- Definition
- Financial definitions
- Abbreviations
- VAT around Europe
- Figure 1: VAT rates around Europe, 2014-19
This report series covers the footwear market in the five largest Western European countries – the UK, France, Germany, Italy and Spain. The focus of the reports is on the footwear specialists. The store based non-specialists, such as department stores, are not covered in detail although they are looked at briefly in the Channels of Distribution sections and also in our consumer research. But the report does look more closely at the impact of online in the sector and the major online players.
Our exclusive consumer research spans all five countries. In each of these markets, we asked consumers about:
Where they shop for footwear, online and in-store
Attitudes to shopping for footwear.
Additional questions were asked to consumers for the UK report.
Definition
For the purpose of this report, Mintel has used the following definitions:
Consumer spending: The total amount spent by households (including sales tax) through all retail channels – both specialist and non-specialist. This covers all footwear categories, including trainers, but excludes game-specific footwear (e.g. football boots, ski-boots) and orthopaedic footwear.
Retail sales: Total sales of all types of footwear (excluding sales tax) via stores and directly to the consumer by specialist retailers of footwear. It includes online sales of these retailers where the majority of sales are in bricks and mortar outlets.
Channels of distribution: Mintel estimates the proportion of spending on footwear going through each channel, including the footwear specialists, the grocers, mixed goods retailers and non-store retailers.
Financial definitions
Financial definitions used are:
Sales: Turnover as reported by the company, excluding VAT.
Operating profits: The return made on trading. This is the profit after depreciation, but before finance charges, tax, amortisation and any exceptional items, such as property profits or impairment charges.
Pre-tax profits: Profit after all charges, including exceptional charges but before tax.
Operating margin: Operating profits as a percentage of sales.
Pre-tax margin: Pre-tax profits as a percentage of sales.
Abbreviations
CAGR | Compound Annual Growth Rate |
COICOP | Classification of Individual Consumption According to Purpose |
CPI | Consumer Prices Index |
e | Mintel Estimate |
f | Mintel Forecast |
GDP | Gross Domestic Product |
jv | Joint Venture |
MBO | Management Buy Out |
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