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🔒Italian immigrant Montefusco puts ‘sole’ into decades-old, shoe-repair business

Italian immigrant John Montefusco puts ‘sole’ into decades-old, shoe-repair business.

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Diversification key to shoe-repair businesses

To combat falling margins and decreased demand for shoe repairs, many repair operators will leverage their high-traffic store locations to offer other services, such as key cutting, passport photos, engravings and watch repairs, according to a recent report by research firm IBISWorld.

A growing number of companies will also invest in technology and machinery to develop custom orthopedic insoles, the report said.

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