Shoe Stores in Michigan
Revenue benchmarks for shoe stores businesses operating in Michigan.
#20 of 50 states-36.8% vs national avg
Average Revenue
$4.3M
per year
Businesses
148
in Michigan
Revenue / Employee
$136K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
1.5
firms per 100K in MI
Total Revenue
$635.5M
all firms in MI
Total Employees
4,687
in MI
How Michigan Compares
National Average$6.8M
Michigan$4.3M
Difference$2.5M (-36.8%)